Malaysia's impact driven enterprises receive funding: MaGIC, IMPACT


The results of this will include "helping to create meaningful employment opportunities for the B40 communities, helping them to secure more independent and sustainable lives. I am excited to collaborate with myHarapan on the pilot operationalisation of IMPACT. We hope this pilot will be the first of many, helping both aspiring social entrepreneurs and successful impact driven enterprises scale up and expand their reach across the nation."
myHarapan's Nurfaini Daing added as well as developing jobs for B40 communities (beneficiaries), IMPACT included profit-sharing opportunities for the beneficiaries running the micro-franchise. The IDEs will provide training on how to establish and run the businesses while the SEV fund will help IDEs and micro-franchises with capital needs.
 "To be able to provide meaningful means of employment to B40 communities across the nation requires the support and collaboration of all the stakeholders in the sector," said Nurfaini Daing.
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