Affin Group unveiled the Affingem Financing Scheme today. This initiative is aimed at empowering women entrepreneurs by providing essential financial support as they expand and manage their enterprises.

Affin Bank Bhd emphasized its commitment to supporting underserved segments, particularly women entrepreneurs, as part of its broader environmental, social, and governance (ESG) initiatives. The Affingem scheme is tailored to offer collateral-free financing up to RM1 million for working capital and capital expenditures. It features affordable profit rates starting at the base lending rate plus 0.5%, and covers ancillary costs such as guarantee fees, legal fees, and stamp duty. Additionally, businesses can receive up to 5% of the approved financing limit for insurance and takaful needs. Remarkably, this scheme is accessible to businesses as young as six months.

Affin Bank’s president and CEO, Datuk Wan Razly Abdullah, stated, “Affin has always been a steadfast supporter of the SME community. Through this initiative, we aim to empower women in achieving their business goals and drive economic growth by providing essential tools and resources. This aligns with our vision of becoming the most creative and innovative financial company in Malaysia.”

In conjunction with the launch, the bank hosted Affin BizChat, its flagship interactive business talk series that promotes entrepreneurship by exploring market trends and offering valuable business insights. The latest edition, themed “Empowering Women in Business,” centered on inspiring women entrepreneurs and supporting female-led ventures.

The Affingem scheme was officially launched by Deputy Minister in the Sarawak Premier’s Department, Datuk Sharifah Hasidah Sayeed Aman Ghazali.