Amanah Ikhtiar Malaysia (AIM)

Amanah Ikhtiar Malaysia (AIM)

AIM Initiative Financing Scheme

Objective	:	To reduce the poverty rate in Malaysia by providing financing to poor household to enable them to undertake viable economic activity to upgrade their household income.
Maximum tenure	:	25 weeks to 6 months
Maximum financing	:	RM20,000
Participating financial institutions / Implementing Ministry / Agency	:	AIM
Eligibility criteria	:	Household income below the following Current Government Poverty line: West Malaysia: RM661 per month (RM152 per capita) Sarawak state: RM765 per month (RM167 per capita) Sabah state: RM888 per month (RM173 per capita) The participant to set up a group consisting of 5 members of the same gender, responsible and committed to the programme and members are not close relatives The participant must attend compulsory short course. Upon passing the special test, the member is required to attend the weekly Central Meeting that comprised of 2 to 8 groups of AIM members
Purpose of financing	:	Working capital
Eligible sector / Types of financing	:	All economic activities
Application procedure	:	Applicant to liaise with AIM
Contact	:	Amanah Ikhtiar Malaysia (AIM) No. 2&4, Jalan Medan Setia 2 Plaza Damansara, Bukit Damansara 50490 Kuala Lumpur Tel: 03-2094 0797 Fax: 03-2095 1889 Website: www.aim.gov.my