Hong Leong Islamic Launches New Social Finance Programme

PETALING JAYA: Hong Leong Islamic Bank (HLISB) has rolled out a new social finance programme HLB Jumpstart – Micro Business as part of its value-based intermediation (VBI) offerings.

This programme will provide funding to individuals who may not have the opportunities and means to secure full-time employment or to aspiring entrepreneurs who lack credit history and the opportunity for them to start their own small businesses.

With this new social finance initiative, HLISB will disperse funding via its two partners MadCash and Alfie Tech, and provide zero-profit financing and capital opportunities to start a business, as well as mentorship and training on how to manage the business. The ultimate goal is to help underserved micro-entrepreneurs, which can include gig economy workers, homemakers, and thin-file individuals improve their livelihoods by having a sustainable source of income.

Source : theSun