Introduction to microcredit industry in Malaysia / Zuraidah Mohamed Isa ... [et al.]

Mohamed Isa, Zuraidah and Ibrahim, Dahlia and Ali, Norhidayah (2021) Introduction to microcredit industry in Malaysia / Zuraidah Mohamed Isa ... [et al.]. FBM Insights, 3: 2. pp. 3-4. ISSN 2716-599X


In Malaysia, the provision of microcredit is nothing new. Malaysia’s microcredit institutions have different types of lending systems, specifically the group-based lending system and the individual lending system. Malaysia’s microfinance institutions also have a standardised lending contract apart from offering limited microfinance products. In this regard, Malaysia’s microfinance institutions only offer microcredit loan with no microsavings or microinsurances. The limitation of the financial services is due to the restriction by the Malaysia Banking and Financial Act 1989 that states “No person shall carry on banking services, including receiving deposits on current account, deposit account, saving account or no other similar account, without a licence as a bank or financial institutions”.


Item Type: Article
Email / ID Num.
Mohamed Isa, Zuraidah
Ibrahim, Dahlia
Ali, Norhidayah
Subjects: H Social Sciences > HG Finance > Microfinance
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus
Journal or Publication Title: FBM Insights
UiTM Journal Collections: Others > FBM Insights UiTM Cawangan Kedah
ISSN: 2716-599X
Volume: 3
Page Range: pp. 3-4
Keywords: microcredit; microsavings; microinsurances
Date: 2021
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