TMP was established under the Financial Procedure Act 1957 in 1985 to assist the co-operatives in providing funds for viable projects.
All co-operatives registered under the Co-operative Societies Act 1993 (Act 502) supervised by the SKM are eligible to apply.
The Requirements are:
i. Co-operatives registered under the Co-operative Societies Act 1993 and regulated by the Malaysia Co-operative Societies Commission;
ii. The Co-operatives have been registered for not less than 18 months and their accounts audited;
iii. Projects to be implemented are viable; (viable);
iv. The administration and management of the co-operatives comply with the Co-operative Societies Act 1993 the Co-operative Regulations 1995 and Co-operative by-laws;
v. The account management is organised and updated and current financial statements are audited;
vi. The projects to be funded benefit the members and the co-operative.
i. Working Capital
a. Consumer;
b. Contract Workers;
c. Services;
d. Ar-Rahnu/ Credit.
ii. Property Development
a. Temporary Loans; (Bridging Finance);
b. Premium Payments;
c. Development Costs.
iii. Property Ownership
a. Purchase of Land / Buildings / Factories;
b. Modify / Repair;
c. Building Construction.
iv. Transportation (Vehicle Purchase)
v. Agro-based
vi. Agriculture
vii. Industry
viii. Machineries
| No. | Funding Types | Funding Amount | Funding Duration (Max. Year) |
|---|---|---|---|
| 1. | With Collateral | ≤ RM50,000 | 5 |
| 2. | With Collateral | RM50,001 ≤ RM10 juta | 10 |
- To finance economic projects undertaken and developed by the co-operative itself.
- The funds must be used for purposes as approved.
- Any change of the intended use requires the prior approval of the TMP Trust Fund Committee.
- Applications for funding to finance projects undertaken by a subsidiary of the co-operative or any other party.
- Funding application for investment in stocks.
- Applications for funding to finance projects not compliant with Sharia Law.
Applications must be submitted to the SKM Online Application System
- Anda perlu mendaftar sebagai pengguna (pengguna baharu) dan seterusnya akan diberikan kata nama dan kata laluan untuk mengakses Sistem Permohonan Atas Talian SKM. Bagi yang telah dan mempunyai akses ke sistem, anda boleh terus mendaftar masuk.
- Daftar masuk dan lengkapkan KESEMUA butiran yang diperlukan dalam Sistem Permohonan Pembiayaan Kredit SKM
- Anda juga perlu mengemukakan dokumen-dokumen sokongan yang diperlukan untuk dimuatnaik ke dalam sistem tersebut.
Documents to be submitted are as follows :
DOCUMENTATION:
Business Plan
The business plan includes:-
1. Executive Summary
a. Products and services provided;
b. Background of the Board members;
c. The need for funding.
2. Project Background
a. Location of the project site;
b. Types of building;
c. Basic amenities.
3. Co-operative History
a. Establishment of the co-operative;
b. Past financing;
c. Activities carried out.
4. Management Background
a. Experience;
b. Management structure;
5. Products or Services
a. Products / services being marketed and planned;
b. Estimated price, quantity and monthly sales;
c. Benefits of the products / services offered;
d. Products / services Guarantee and the approval of the Government
6. Marketing Strategy
a. Customers;
b. Distribution Channels;
c. Pricing strategy;
d. Promotion;
e. Sales forecast;
f. Marketing expenses;
g. Distribution Plan;
h. Competitors.
7. Production and Operations Plan
a. Products manufactured;
b. Production process;
c. Production capacity;
d. Production plan;
e. Machineries and equipments;
f. Furniture and facilities;
g. Location;
h. Layout;
i. Raw materials;
j. Workforce;
k. Technical costs.
8. Organisational Plan
a. Goals and strategy of the organisation;
b. The organisational structure;
c. List of Management Staff;
d. Details of the offices;
e. Remuneration and incentives;
f. Office budget.
9. Financial Plan
a. The cost of the project;
b. Source of funding;
c. Loan;
d. Lease-purchase and rental-lease;
e. Schedule of asset depreciation;
f. Pro forma financial statements - cash flow, income statement, balance sheet, break-even point analysis.
10. Project Implementation Schedule
11. Summary
12. Appendices and Supporting Documents
a. Project land ownership deed;
b. Quotation from asset suppliers;
c. Other relevant documents that may assist in supporting the business plan
| No. | Supporting Documents | Number of Copies Required |
|---|---|---|
| 1. |
TMP Funding Application Form (This form is available at the MCSC Regional/ State office; or click the link above) |
3 |
| 2. | General Meeting Minutes Extraction approving the maximum limit of loans authorised by the Board; | 3 |
| 3. | Board Meeting Minutes Extraction approving the proposal to apply for a TMP-SKM loan/ financing authorised by the Board; | 3 |
| 4. | List of current Board members (as required under Regulation 17, Co-operative Regulations 1995) authorised by the Board; | 3 |
| 5. | Co-operative Bylaws Extraction that allows the co-operatives to operate projects authorised by the Board; | 3 |
| 6. | Complete audited financial statement for the past 3 years; | 3 |
| 7. | Statement of receipt and monthly payment for the current year authorised by the board; | 3 |
| 8. | Bank statement for the last 3 months; | 3 |
| 9. | Project working papers; | 3 |
| 10. | Collateral documents (if applicable). | 3 |
