They empower M’sian women entrepreneurs through microfinancing, but aren’t stopping there
During the announcement of Budget 2023, Finance Minister Tengku Zafrul said that a total of RM235 million in financing funds would be specifically allocated to women. These would be delegated through BSN Semarak-Nita, Tekunita TEKUN, DanaNITA MARA, and Biz Lady Bank Rakyat schemes to help women entrepreneurs grow their businesses and enhance their marketing strategies.
On a smaller scale but with objectives that are no less noble, these initiatives are exactly what the team at MADCash hope to carry out too.
A Shariah-compliant fintech ecosystem builder, MADCash mainly provides microfunding to women entrepreneurs who need a cash flow injection, founders Nuraizah (Aizah) and Dr. Nikolai told us. Their digital platform also tracks the impact of the microfunding given to their beneficiaries with the end goal of generating a credit score for the unbanked. Read MoreHong 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.
Read MoreKuala Lumpur’s 44 Fastest Growing FinTech Startups
At Fintech Energy we track over 200,000 fintech startups and over 1,000,000 people who hold key positions in these companies. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting.
Read MoreHong Leong Islamic Bank Introduces a New Social Finance Programme for Underserved Micro-Entrepreneurs
Hong Leong Islamic Bank (HLISB) has rolled out a brand new social finance programme, ‘HLB Jumpstart – Micro Business’ as part of its Value-Based Intermediation (VBI) offerings, in line with social finance to play a greater role in advancing financial inclusion and enabling social development in the country.
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.Read MoreMADCash empowers micro women entrepreneurs to grow their business
“MADCash (Multiply Assist and Donate Cash) started firming up in 2019 when we were accepted into UNCDF Financial Innovation Lab. The initial idea of MADCash is to convert a one time donation into a perpetual donation with the concept of paying it forward as we created a technology platform that makes this process visible. We wanted donors to see who their donation was helping at any moment in time.” says Nuraizah Shamsul Baharin, managing director of Madcat World.
Read MoreThe 101 Most Innovative Social Entrepreneurship Companies
At DarkRound we track over 4,000,000 startups and over 18,000,000 people who hold key positions in these companies. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting.
We’ve ranked the top 101 Social Entrepreneurship companies. The companies, startups and institutions listed in this article are all exceptional companies, well worth a follow. We have included links to their websites, socials and CrunchBase (if you’re interested in their financials).
We selected the organisations listed in this article based on:
- Track record
- Executive leadership
- Market share
- Innovation
- ESG rating