Moi Yuen Sing, 38, owner of a shoe-making factory at Bukit Merah, Lahat, can heave a sigh of relief. She was granted micro-credit worth RM20,000 by Yayasan Bina Upaya Darul Ridzuan (YBU). Moi is thankful to YBU for coming to her aid.
A cheque for the said amount was presented to Moi at her factory-house in Bukit Merah by Nur Syakrin Abdul Fauzi, the officer-in-charge of micro credit on Wednesday, April 6. “I plan on improving production by buying new machines,” she told Ipoh Echo.
The enterprising lady started her shoe-making business about three years ago assisted by her husband, Yeong Lee Fong, 38. Her efforts to expand her business were curtailed by poor returns. There were no economies of scale, as production costs far outstripped income from sales. No financial institution was keen on giving the couple a loan. As if to add insult to injury, Moi was diagnosed with breast cancer and had to spend a substantial amount of their savings on treatments.
“This is all behind me now,” said Moi, “I can now concentrate on fulfilling my dreams.” She will repay her loan after two months with a monthly instalment of RM345 over a period of 5 years.