PROSPER Runcit scheme offers financing between RM100k to maximum RM1mil for your business needs.

Suitable for:-

Bumiputera entrepreneurs who are keen to venture or expand their retail business

What it offers:-

Shari’ah compliant financing products
Financing from RM100,000 to RM1,000,000
Payment tenure up to 7 years
Corporate Development & Monitoring Support
Entrepreneur Development & Training

Eligibility criteria

1. Entrepreneur

Age 18 years and above.
Possesses strong entrepreneurial characteristics such as honesty, confidence, resilience, positive mental atitude, creativity and high level of self-discipline.
Willing to attend courses that have been identified
Favourable records with financial institutions
Willing to work full time
Must be able to finance at least 10% of the total project cost.

2. Business

Retail business.
The business is 100% owned by Bumiputera
Viable business with project cost not exceeding RM1.0 million.
The business must be free of financial assistance from any financial institutions that took any form of security in form of charge on the company’s asset.
The business location has been identified.

Eligible business activities

PROSPER Runcit is open to all types of viable and sensible retail business ideas. The following list gives a good idea of all the types of retail business that we are able to provide business opportunities. They are :

Jewellery shop
Petrol station
Specialist clinic/ medical/ dental/ veterinary
Textile & clothing shops
Optical and spectacles shops
Architect/ accountant/ lawyer and other professional firms recognised by the Government
Metal & building materials supply shop
Shoes & leather shop
Cosmetic and Beauty shop
Women Accessories shop
Computer equipment / telecommunications and IT shop
Books & stationery shop
Herbal & traditional medicine shop
Sports equipment and recreation shop
Electric & Electronic shop
Provisional shop/ mini market
Any other suitable businesses

Application process

REGISTRATION – Application register and sits for Suitability Assessment test (If Business Plan Already Submitted to PUNB)

BUSINESS PLAN WORKSHOP – Applicant attends Business Plan Workshop

SUBMIT THE BUSINESS PLAN – Submit the completed business plan to for PUNB’s consideration

INITIAL ASSESSMENT – PUNB will discuss with the applicant for more information and better comprehension of the proposal. This assessment focuses on five (5) key business areas: product, market, management, operation and finance.

BUSINESS PLAN PRESENTATION – After favourable initial assessment, the applicant required to make a presentation to PUNB’s Evaluation Committee which will assess the proposal’s five (5) key business areas and the applicant’s investment criteria

FINANCING APPROVAL – Approval by the PUNB investment committee

DOCUMENT PREPARATION – Applicant is required to undergo documentation process relating to financing term and conditions

MANDATORY COURSES – Applicant is required to attend all the compulsory courses set by PUNB prior to the fund disbursement

FUND DISBURSEMENT & IMPLEMENTATION – Once the documentation and fund disbursement conditions are fulfilled, PUNB will channel the fund to the enterprise for the intended purposes. PUNB will monitor the business implementation to ensure the fund is used to achieve the business targets

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