Our vision is to touch 1 million lives through financial and business education and micro-funding from MADCash by the year 2024.More than 1.7 billion people across the globe are unbanked and do not have access to financial services they require. In Malaysia, there are 13.7 million who are underbanked, which means they have a bank account but do not actively utilize it and services offered by the bank to manage their financial wellbeing.
This is where MADCash, a Shariah-compliant Fintech ecosystem builder, founded in 2019 in Kuala Lumpur, has a mission to convert one-time donations into a ‘perpetual donation’ with the concept of paying it forward. We have created a technology platform that makes this process visible, as we wanted donors to see who their donation is helping at any moment in time.
Furthermore, this platform will be enabling the seemless process of micro-funding application, approval, onboarding, disbursement and repayment monitoring. What also makes the platform truly an essential tool to the success of micro-entrepreneurs who come onboard are the modular and scalable online academy in collaboration with the University of Arizona and business support and networking from women mentors and peers.By donating as little as RM100 or USD25, you can be part of the solution that enhances financial and social inclusion in the society, as the donation will keep on giving in an endless cycle. Imagine that!
All repayments will be channeled back into MADCash fund to be UP-CYCLED to the next qualified individuals, creating an ecosystem of WOMEN FUNDING and GROWING WOMEN. In the future; where relevant and feasible, qualified individuals may also choose to enter into a profit-sharing arrangement instead of interest-free loans.MADCash will also expose and encourage the micro-business owners to the use of digital finance such as with the use of digital banking, e-wallet, and digital payments. Where necessary, MADCash will also assist the qualified micro-loan borrowers in select business operations areas through mentoring, advisory sessions, and short trainings. By donating as little as RM100, you can be part of a solution in impacting lives of the B40 women and their families.