A lifeline for small traders

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A lifeline for small traders
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On Jan 1 this year, the celebrity couple announced their engagement on social media.

Safer alternative: The number of hawkers have mushroomed over the last few years with some turning to loan sharks. BSN’s loan facility is designed to help traders and their businesses. — LOW LAY PHON/The Star

Dean of the School of Business and Economics at Universiti Putra Malaysia Prof Dr Bany Ariffin Amin Noordin said in most cases, hawkers resorted to illegal money lenders because they needed funds as capital to start or expand their business. “On the other hand, with the BSN loan facility, it will be a two-pronged solution, as while it enables hawkers to start business easily, it will also prevent them from falling prey to ah long,” he told Bernama.

Assoc Prof Dr Azwan Abdullah from the Institute for Research and Poverty Management, Universiti Malaysia Kelantan, said the RM40mil allocation for the implementation of the Shop Malaysia Online Programme, especially for small traders in the food sector, would save the cost of not having to fork out rental for premises to carry out their business.

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