Micro Financing

Overview

Micro Financing at Bank Usahawan specifically targets micro businesses.

This financial service is designed to provide accessible and tailored financial solutions that support the growth and sustainability of very small enterprises.

Financing amount: BND1,000 - BND20, 000

Processing fee: 1.5%

Bank Usahawan

Our
Requirements

IC of Applicant / Directors / Shareholders / Guarantor

Bank account statement (past 12 months)

License or permission from relevant authorities for business activity


Sole proprietorship / partnership

- Business Names Act Section 16 and Section 17
- and any documents required by the bank


Limited Liability Company (Sdn Bhd)

- Business Names Act Section 16 and Section 17
- The certificate of Incorporation
- Form X
- Memorandum and Articles of Association
- Joint venture & Shareholder’s Agreement
- Shares Allotment (If any)
- Audited financial statements (If any)
- and any documents required by the bank

Micro Financing

Basic Eligibility Criteria

a) The applicant must be at least 18 years and not more than 65 years old.
b) Brunei’s residents hold a yellow or purple IC
c) Profitable business
d) The company or business must be registered and operating in Brunei
e) The applicant must be the owner or shareholder of the business
f) The business must be operational consecutively for the last 12 months
g) The business activity does not contradict Syariah rules and concepts
h) Applicant should not be under active litigation nor bankruptcy