KOTA KINABALU: The National Entrepreneurial Group Economic Fund (Tekun Nasional) has disbursed RM98.9mil in loans to 4,400 informal and micro-entrepreneurs in Sabah this year, surpassing its target of RM84.5mil.

Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick (pic) said the funding includes RM1.91mil to support 480 entrepreneurs operating at Pasar Tamu.

“Tekun Nasional is committed to supporting informal and micro-entrepreneurs through financing and entrepreneurial development,” he said after launching the Tekun Sabah office and Tekun Kota Kinabalu branch office here yesterday, Bernama reported.

Ewon said since its inception in 1998, Tekun Nasional has disbursed a total of RM9.7bil in business financing to 587,216 entrepreneurs nationwide.

“In Sabah, Tekun Nasional has disbursed RM1.1bil to 64,313 entrepreneurs during the same period through 25 branch offices,” he added.

The minister also said the opening of the new Tekun Sabah office is intended to strengthen its position and benefit entrepreneurs throughout the state, particularly in Kota Kinabalu.

https://www.thestar.com.my/news/nation/2024/09/23/rm989mil-in-loans-given-to-sabah-entrepreneurs