Yayasan Tekun Nasional (YTN)
Established on November 9, 1998 by the Ministry of Entrepreneur and Cooperative Development (MECD) as a company limited by guarantee, with the aim to ensure that small bumiputera entrepreneurs will have access to financial assistance to finance their development. The TEKUN Programme was initiated with the objectives to offer additional capital financing to small bumiputera enterprises; to encourage saving culture; to create a network of bumiputera entrepreneurs; and to develop TEKUN entrepreneurs who are competitive and successful. TEKUN offers loans in the amount from RM1,000 to RM10,000 for the first loan, and up to RM20,000 for the second loan, with service charge fixed at 8% annually.
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