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Malaysia

Funding Societies 29

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  • Now that Atiqah has taken over her mother's bakery, she is focusing on growth with the help of Funding Societies. She invested in new, modern ovens, allowing her to produce more cookies. As a result, the bakery provides employment for four permanent employees and several part-timers.

    €100,000
    Amount
    6.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€100,000
    Interest6.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 days on 6 June 2024.

      The project

      Have you ordered the cake for the next birthday yet? In Malaysia, baker Atiqah would gladly prepare your order. Together with her four employees and some part-time helping hands, she bakes cookies and other treats in her bakery Eliqa.

      When Atiqah took over the business from her mother in 2020, she saw opportunities for growth and dared to look further. Determined to expand the bakery, she sought financial assistance from Funding Societies. Thanks to a loan she could easily apply for online, Atiqah invested in new ovens, ingredients, and packaging materials, enabling her to produce more year-round. With the growth, the range of cookies and other products has expanded, and she has been able to hire four permanent and several part-time employees.

      Your support to Funding Societies gives 15 local entrepreneurs in Malaysia the opportunity to improve their quality of life.


      Take a look inside Atiqah's growing bakery:

       

      What social return could your investment generate? 

      In Malaysia, small and medium-sized enterprises are central to the economy, accounting for more than 65% of employment. Your investment in Funding Societies makes a difference for 15 entrepreneurs in Malaysia. Supporting these businesses is crucial for both economic growth and improving living standards.
       

      What financial return could your investment generate? 

      • An annual interest rate of 6%
      • The maturity of the loan is 18 months
      • Your investment will be repaid in equal instalments, along with interest, every six months.
      • With an investment of 1,000 euros, your expected return would be 1,060 euros.
      • Currency: EUR

       

      The story of Funding Societies

      Funding Societies plays an important role in making financial services available to small and medium-sized businesses that are often overlooked in Southeast Asia. This specific project is focused on financing in Malaysia, but Funding Societies is also active in Indonesia, Vietnam, Thailand, and Singapore.

      The goal of Funding Societies is to bridge the $320 billion financing gap in Southeast Asia, thereby promoting economic growth and prosperity in the region. Funding Societies believes that stronger SMEs contribute to stronger societies. In line with this belief, Funding Societies has actively provided more than 3 million loans to small and medium-sized businesses over the past years, amounting to a total of more than 815 million euros.

      Investing in Funding Societies means not only supporting a financial platform but also directly contributing to strengthening economic and social opportunities in Southeast Asia.

       

       

      Funding Societies in numbers

      • Founded in 2015 with headquarter in Singapore
      • 600+ employees
      • Financed > €3 billion in loans
      • Disbursed > 80,000 SME loans
      • Active in 5 markets across Southeast Asia: Indonesia, Vietnam, Thailand, Malaysia, and Singapore
      Company nameFunding Societies
      CEOKelvin Teo
      Founded2016-11-21
      LocationSingapore
      SectorFinancial services
      Turnover€9,200,000
      Employees600
      Credit scoreB+

      Impact

      SMEs comprise about 60% of Southeast Asia's GDP and provide most jobs, but they face a $320B financing gap. Funding Societies has stepped in to bridge this gap, financing over €815 million through more than 3 million business loans in the last five years. Their focus lies in short-term credit, typically under 12 months, tailored to meet the needs of SMEs.

      The impact of their loans is significant. About 76% of SMEs use their loans for working capital. Many acknowledge that this financing was essential to keep their businesses open and maintain their workforce. Furthermore, Funding Societies fosters women's economic empowerment by supporting female entrepreneurs, who comprise 24% of their borrowers.

      Investing in Funding Societies on Lendahand promotes financial inclusion and social mobility in Southeast Asia, more specifically in Indonesia and Vietnam. With Funding Societies, you can contribute to regional development and make a real difference in people's lives.

       

      SDGs impacted

      With this project, you are contributing to the following Sustainable Development Goals:

      SDG 1 - No poverty

      SDG 8 - Decent work and economic growth
       

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      Related blog posts

      Read the introduction of Funding Societies as an investment opportunity here.

      Want to learn more about Funding Societies? Read our email interview with CEO Kelvin Teo here.

      Curious about the impact Funding Societies and Lendahand create together? Watch our interview with Funding Societies’ COO and impact manager, Vikas, here.

      • With this investment 12 jobs are created
      • With this investment 84 lives are improved

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      We have already contributed to Funding Societies 29

      Lars Groenewegen
      Jos Schreur
      Arno Hoogenhuizen
      Dirk Rentmeester
      Jeroen Rust
      + and another
      440
      investors