Credit Guarantee Corp partners with credit counseling and debt management agency to improve financial literacy of Malaysian MSMEs

Tuesday, May 31, 2022 8:13 PM MYT

KUALA LUMPUR, May 31 – Credit Guarantee Corp Malaysia Bhd (CGC) and Credit Counseling and Debt Management Agency (AKPK) have signed a Memorandum of Understanding on improving the financial literacy of micro, small and medium-sized enterprises (MSMEs) and individuals.

In a joint statement today, the two companies said the partnership will enable CGC to direct its MSME clients to AKPK’s e-learning courses, workshops and webinars on topics related to financial literacy. and financial management.

“These MSME clients will also be referred to AKPK for debt management initiatives.

“Earlier this year, CGC began recommending its BizMikro-i candidates to take AKPK’s e-learning course, called Bijak Wang Bijak Niaga.

“The course is part of the consultancy services under the CGC Development Program which provides on-boarding initiatives to MSMEs,” the statement said.

He also said the collaboration is in line with Bank Negara Malaysia’s vision of the National Strategy Financial Education Network (FEN), which aims to improve the financial well-being of Malaysians.

“AKPK clients interested in MSME finance will be able to take advantage of GCC’s imSME portal, which is Malaysia’s first online SME finance or loan referral platform that will provide access to GCC finance opportunities. as well as other financial institutions, development finance institutions and alternative financiers.

“They will also be able to participate in the CGC’s Development Program, a two-pronged program offering interested participants advisory services for access to finance and market access,” he said. CGC Chairman and CEO Datuk Mohd Zamree Mohd Ishak said the strong synergy between CGC and AKPK will help the public in terms of financial education and support their aspirations if they want to become an entrepreneur.

“CGC believes in upskilling and this collaboration will enable our MSME clients to capitalize on AKPK’s e-learning courses, workshops and webinars on financial literacy, as well as its debt management initiatives. debt,” he said.

Mohd Zamree also noted that the win-win collaboration would promote financial literacy and respond to FEN’s important agenda to help Malaysians improve their financial well-being and establish a solid foundation for the country’s financial future.

Meanwhile, AKPK Managing Director Azaddin Ngah Tasir said the collaboration allows the company to further expand its reach and offer its solutions to CGC customers and vice versa. — Bernama

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