This isn’t a glossy brochure. It’s an honest account of a journey that wasn’t always linear, including the years we paused, restructured, and came back stronger.

Inside of this report, you’ll find:

• The numbers: From RM3,000 disbursed (three women funded) in 2020 to RM1.66 million in 2025 (511 women funded);
• The stories: 30+ real participant stories of women who expanded from one stall to five, pivoted businesses mid-pandemic, and built enterprises that now support entire communities;
• The model: How zero-interest micro-funding, the MADCash Academy, and a nationwide network of mentors work together to move women from unbankable to unstoppable; and,
• The recognition: Including our top prize at the 7th EFICA in Dubai and our win at Catapult: Inclusion Southeast Asia 2025.

Nuraizah Shamsul Baharin, Founder & CEO, MADCash said, “When we started MADCash, many people questioned whether zero percent truly meant zero. We pushed on, because we believed ethical finance could be both impactful and sustainable. This report is proof that it can, but, more than the numbers, it is the women behind them who inspire us every single day. We are just getting started.”