Kojadi grows from helping students to SMEs
KUALA LUMPUR: While Kojadi, the investment arm of MCA, is known for education loan programmes, it has embraced diversification and established itself as a major financial institution for small and medium enterprises (SMEs), says the MCA president.
Datuk Seri Liow Tiong Lai said among the loan schemes for enterprises offered by Kojadi, or Koperasi Jayadiri Malaysia Bhd, were Micro-Credit Loan Scheme for Youth, Tukar (Retail Shop Transformation), Atom ( Automotive Workshop Modernisation), and the government-provided, interest-free loans worth RM150mil to help Chinese SMEs.
“The Kojadi SME Loan Scheme, started back in 2015, has so far issued over RM127mil in loans, benefiting a total of 693 members.
“These SME loan schemes have played an active role in endorsing domestic SME, especially Chinese SME,” he said.
Speaking at the 36th annual general meeting of Kojadi at Wisma MCA here yesterday, Liow said the percentage of non-performing loans for SMEs had stayed below the threshold of 1%.
This showed that Kojadi had rigorously assessed loan applications and maintained a professional attitude in credit management, he said.
Liow hopes Kojadi will introduce more innovative packages in the financing of SMEs and turn them into signature products.
He commended Kojadi for not forgetting its roots amid the transformation process.
Kojadi now boasts 13 different education loan programmes, covering various fields from vocational to postgraduate courses.
“I believe this makes Kojadi the one and only organisation in Malaysia to provide such extensive consideration to meet the needs of students’ skills training and tertiary education.
“Kojadi has issued over RM255mil in loans benefitting approximately 11,000 students,” Liow said.
Also present was Kojadi chairman Datuk Ng Peng Hey.