KUALA TERENGGANU, Nov 8 (Bernama) -- Majlis Amanah Rakyat (MARA) has approved RM57.7 million in loans to 547 entrepreneurs in Terengganu from January to October this year.
Terengganu MARA Director, Salemi Yusof, said for 2014, the agency approved RM71 million in loans to 757 entrepreneurs.
He said the borrowers had paid back RM50 million to MARA and by year-end the agency expected to collect RM60 million.
"MARA Terengganu has no problems about the repayments from the borrowers.
"When the borrowers' repayments are consistent, the loans can be made to other borrowers to help them in their businesses," he said.
Salemi said this at the gathering of Terengganu MARA entrepreneurs yesterday.
State Chairman of Rural Development, Entrepreneurs, Cooperatives and Consumerism, Roslee Daud, officiated the function.
Meanwhile, Roslee said, the state government was committed in its efforts to develop entrepreneurs who were dynamic and competitive.
"To be successful, the entrepreneurs must change their attitude to be more positive and keen to increase their knowledge in various aspects of business management," he said.
-- BERNAMA
Source: http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1187759
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