TEKUNPay mobile application makes loan repayment easier
KEMAMAN: Only two per cent of small- scale entrepreneurs who received loans from the National Entrepreneurial Group Economic Fund ( TEKUN Nasional) use the TEKUNPay mobile application to make loan repayments.
TEKUN Nasional managing director and chief executive officer, Datuk Baharom Embi said although usage of this online application introduced last July was still low, he was however confident that it would increase.
“If possible, we want all TEKUN entrepreneurs across the country to use this mobile application because besides easing loan repayments, it also facilitates fast checking of their loan balance and any payment credited by TEKUN Nasional into their bank account.”
He said this yesterday when met at the “Let’s Register With TEKUNPay” campaign which was officiated by Tan Sri Shahrizat Abdul Jalil, advisor on Women Entrepreneurship and Professional Development, Prime Minister’s Department.
The campaign was held in conjunction with the Women Entrepreneurs Carnival 2018 and Road To MAHA 2018 event at Kuala Kertih Beach, here.
Also present was Agriculture and Agro-based Industry Minister, Datuk Seri Ahmad Shabery Cheek.
Baharom said since the introduction of the application, RM638,443 in loan repayment had been made through 2,728 transactions.
He noted that since January this year, 495 Sabah entrepreneurs had been using this application, the highest number, involving RM118,951 worth of transactions, followed by Johor with 384 entrepreneurs ( RM83,381) and Selangor with 234 ( RM52,372).
TEKUNPay, which was officially launched by Ahmad Shabery in February, is among the initiatives taken by TEKUN Nasional to increase the loan repayment rate, as the entrepreneurs could use their mobile phone to access the Internet to download the application to make the monthly loan repayment, thus not having to line up at the payment counter. — Bernama