MDV to offer three new innovative financing products
KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV), a wholly-owned unit of Minister of Finance Inc, plans to develop and launch three new innovative financing products for the technology small and medium enterprises (SMEs) by year-end.
In a statement yesterday, MDV said these facilities would be able to further support the SMEs in information and communication technology (ICT), biotechnology and green technology in its financial requirements and growth.
“Since its inception in 2002, MDV has approved loans amounting to RM6.29bil to over 450 companies, of which about RM3.5bil were given to the technology SMEs,” it said.
Its managing director/chief executive officer, Md Zubir Ansori Yahaya, said MDV was committed to support SMEs’ development and growth by enabling them to achieve a competitive edge, leveraging on its extensive products and financing solutions.
He said among the benefits of these new products were its innovative and flexible financing structures, cost-effectiveness, immediate cash flow for better returns and a quick processing-to-disbursement turnaround time.
Md Zubir said this year, MDV had allocated a total of RM970mil to support the ICT, biotechnology and green technology sectors.