KUALA LUMPUR: Over 2,000 Chinese small and medium enterprises (SMEs) have benefited from Koperasi Jayadiri Malaysia Bhd (Kojadi) loans worth RM200mil between 2015 and 2022, says Datuk Wira Koh Nai Kwong.
The Kojadi chairman said that the loan schemes made available following government grants have greatly benefitted SMEs with its lower interest rate.
In Budget 2018, former prime minister Datuk Seri Najib Razak announced that the government would provide RM50mil for the Chinese community loans for SMEs through Kojadi.Koh said that the loan scheme managed by Kojadi, MCA's education and investment arm, was offered with an interest rate of 4% – more competitive than loans provided by most other financial institutions – and has been a feasible solution for most SMEs.
He said Kojadi has about 60,000 members, and more than half are young members and added that its net profit was RM9.35mil in 2022.
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