TEKUN recipients in KL

June 10th, 2011 by poobalan | View blog reactions Leave a reply »
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Rm320k / 37 recipients = average RM8648 per person.  Was wondering when the TEKUN loan recipients was announced.

 

BEAUTICIAN Stephanie Reavathi Marimuthu has been wanting to upgrade her beauty business in Lebuh Ampang, Kuala Lumpur for a long time.

The 35-year-old is now able to do so after receiving a RM15,000 loan from the Economy Funds Venture Group (Tekun) under the Young Indian Entrepreneurs Scheme (Spumi) recently.

“I wanted to upgrade and enhance my business into an academy status, but I was not able to because of lack of funds.

“We need money to buy the right tools for teaching. Now with this loan, I will be able to move forward,’’ she said.

Dental technical support assistant Benedict Soosai also received a loan of RM7,000 to upgrade his business.

The 37-year-old said he was grateful for the loan which he would channel towards buying dental spare parts for his business.

Stephanie, Benedict and 35 other young entreprenuers received their cheques from Deputy Federal Territories and Urban Wellbeing Minister Datuk M. Saravanan at Kuala Lumpur City Hall recently.

A total of RM320,000 was distributed to young entreprenuers and petty traders doing business in KL.

Saravanan said the scheme was introduced by the Government to help Indian traders obtain micro credit loan to upgrade their business.

He said the scheme was introduced in 2008 and RM18mil have been disbursed to poor traders.

source: http://thestar.com.my/metro/story.asp?file=/2011/6/4/central/8818559&sec=central

 

 

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