About TMP-SKM
TMP was established under the Financial Procedure Act 1957 in 1985 to assist the co-operatives in providing funds for viable projects.
Who is Eligible to Apply
All co-operatives registered under the Co-operative Societies Act 1993 (Act 502) supervised by the SKM are eligible to apply.
Application Eligibility
The Requirements are:
- Co-operatives registered under the Co-operative Societies Act 1993 and regulated by the Malaysia Co-operative Societies Commission;
- The Co-operatives have been registered for not less than 18 months and their accounts audited;
- Projects to be implemented are viable;
- 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;
- The account management is organised and updated and current financial statements are audited;
- The projects to be funded benefit the members and the co-operative.
Types of Loans/Funding
i. Working Capital
ii. Property Development
iii. Property Ownership
iv. Transportation (Vehicle Purchase)
v. Agro-based
vi. Agriculture
vii. Industry
viii. Machineries
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
Funding/Loans Offered
No. | Funding Types | Funding Amount | Funding Duration(Max. Year) |
1. | With collateral | ≤ RM50,000 | 5 |
2. | With collateral | RM50,001 ≤ RM10 million | 10 |
Criteria for Applications Eligible for Consideration
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To finance economic projects undertaken and developed by the co-operative itself.
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The funds must be used for purposes as approved.
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Any change of the intended use requires the prior approval of the TMP Trust Fund Committee.
Criteria for Applications Not Eligible for Consideration
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Applications for funding to finance projects undertaken by a subsidiary of the co-operative or any other party.
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Funding application for investment in stocks.
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Applications for funding to finance projects not compliant with Sharia Law.
Application Methods
Applications must be submitted to the Regional SKM office that oversees the co-operatives.
Documents to be submitted are as follows :
Documentation
Documents to be submitted are as follows :
Documentation