What is SPIN?
Informal Funding Scheme (SPIN) is a financing scheme for micro -entrepreneurs who are not registered with the Companies Commission of Malaysia (SSM) or the Local Authority (PBT)
Who is eligible for SPIN?
- Malaysian citizen;
- Bumiputera and Indian Community applicants;
- Aged 18- 65 years (not aged beyond 65 years old);
- Involved directly or part -time in the business being conducted;
- Document confirming the conduct of business from the Penghulu/Village Head/Chairman of JKKK/Tribal Chief (Sabah & Sarawak) OR coupon/business permit by the Organizing Committee for night markets, farmers markets or tamu markets;
- Operating from a specific place/business location or conduct business on-the-go (mobile); and
- Free from any bankruptcy proceedings