TUARAN: The State Government has allocated RM11.6 million to Yayasan Usaha Maju (YUM) this year to continue its Micro Credit Programme aimed at empowering local entrepreneurs, especially low-income women.
Chief Minister Datuk Seri Hajiji Noor said the government remains committed to supporting YUM through sufficient funding to ensure its operations and loan services continue.
Under the 12th Malaysia Plan, YUM also received an additional RM10 million for its loan revolving fund, alongside the annual government grant for operational costs.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});Speaking at the Tuaran YUM Family Day on Saturday, Hajiji urged borrowers to repay their loans promptly to enable more people to benefit, noting that the current repayment rate exceeds 96 per cent.
Since its establishment in 1995, YUM has disbursed over RM805 million in loans, and nearly 20 per cent of its borrowers have successfully risen above the poverty line.