CGC continues to offer assistance to small businesses


KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) will continue to offer its guarantee and repayment assistance to support micro, small and medium enterprises (MSMEs) whose businesses are expected to be further impacted by the full lockdown nationwide from June 1.

It said on Wednesday many MSMEs are struggling to stay afloat due to the on-going Covid-19 pandemic and it gave them its assurance during this very difficult economic period.

“CGC empathises with MSMEs whose businesses have been severely affected by the Covid-19 pandemic and continues to provide its guarantee to participating financial institutions in Bank Negara’s fund for Targeted Relief and Recovery Facility, ” it said.

CGC said it will also continue supporting and serving MSMEs to enable them to sustain their business operations during this challenging time with its Targeted Repayment Assistance (TRA) programme.

Additionally, CGC has been reaching out to its customers in need of rescheduling and restructuring for their financing or loan to support MSMEs in this challenging environment.

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