Provide grants for small traders from Covid-19 fund, says Pejuang

by NUR HANANI AZMAN / pic by TMR FILE

PARTI Pejuang Tanah Air is urging the government to allocate some budget from the Covid-19 fund to help small traders who took micro-credit loans from Amanah Ikhtiar Malaysia (AIM).

Its central executive committee member and central economic bureau chairman Armin Baniaz Pahamin said the party was deeply concerned and worried for the future of the 378,507 microcredit borrowers under AIM who were unable to operate during the series of Movement Control Order (MCO) amid the pandemic.

He said more than 90% of borrowers are Bumiputera and housewives, and were required to start servicing their loan from September 1, 2021.

“These micro traders support their households by running small businesses established through the micro-credit loans obtained from AIM.

“The proceeds from the business are used to repay the loan installments and the balance is used for the family’s daily needs and expenses,” he said in a statement today.

More than RM800 million has been allocated by the government to AIM since its inception for the purpose of providing micro-credit loans for the underprivileged to start small businesses.