What Is It

The AIM microfinance scheme, also known as Sahabat AIM, is designed for B40 entrepreneurs, with a focus on women, to provide unsecured microfinance loans and support for small businesses.

Who Is Eligible

To be eligible, applicants must be Malaysian citizens, aged 18 and above, with a monthly household income below the national poverty line income (PGK) of B40. Applicants must form a group of 5 members and attend weekly center meetings.

Required Documents

  • Identification documents: for verification of Malaysian citizenship and age.

    • Step-by-Step Procedure

    1. Initial Contact: Contact the nearest AIM Branch Office or field officer. 2. Form a Solidarity Group: Form a solidarity group of 5 women entrepreneurs from your local area. 3. Mandatory Training: Attend the mandatory 5-day training course on business and financial management. 4. Receive Funds and Repay: Receive funds and begin weekly repayments during center meetings.

    Cost & Processing Time

    The financing amounts range from RM2,000 to RM30,000, with no guarantors, collateral, or legal fees required. Repayment is structured weekly.

    Where to Apply

    Applications can be made through the nearest AIM Branch Office or by contacting a field officer.

    Important Notes

    The AIM microfinance scheme is designed to support B40 entrepreneurs, particularly women, in starting or expanding small businesses.