TUESDAY 14 AUGUST 2018 07:06 PM



The small retailer transformation programme (or Program Transformasi Kedai Runcit, Program TUKAR), is focused on assisting small retailers to modernize and remain competitive. It involves the upgrading of small retailers currently in business. Small retailers face a number of business and demographic trends that are affecting their revenue and in many cases their existence. Market research conducted by Universiti Teknologi Malaysia (UTM) revealed that some small retailers face closure due to modern retailers (e.g. large-format operators) setting up shop in their vicinity.

The modernization of small retailers can improve sales by up to 30 present. Increased sales result from attracting more customers, and customers spending more in the revamped stores that now offer a comfortable, modern, well-lit and clean environment with modern management and retailing techniques, similar to that of the large-format stores. This environment augments the small retailers’ advantage of being able to offer convenience by being located in the neighbourhood.

Financing Scope for TUKAR Programme

100% owned business (sole proprietorship, partnership or private limited).

Business must be registered with Companies Commission of Malaysia (SSM).

Grocery store has been operating for at least one (1) year.

Grocery store owner should be 18 years old and above and not over 60 years old upon the last payment of loan.

Grocery store size is not more than 2500 square feet (two-door shops).

Applicant possess good track record with financial institutions and not declared as bankrupt.

Application must be accompanied with pictures of existing retail premises.

Borrowers are allowed to select own contractors and purchase stocks from existing stock suppliers with the assistance and guidance from the consultant.

Stock compliance for ‘Non-Halal products’ is less than five (5) percent over the term of TUKAR loan only.

Borrowers are not allowed to withdraw from TUKAR programme after participating in this programme

Terms and Conditions for Loan

Renovation/ Upgrading of business premises

  • Wiring and lighting
  • Modification of ceiling
  • Painting
  • Flooring, walls, glasses and etc

Purchase of machinery or equipment

  • Point of Sales Terminal (GST ready)
  • Price Tag Signage
  • TUKAR Signboard
  • Gondola/Shelves
  • Chiller
  • Freezer
  • Air-Conditioning
  • CCTV
  • Alarm System
  • Fire Distinguishers
  • IT Software tools including cable, network, hardware and other suitable instruments

Working capital

    Purchase of stock

Terms and Conditions for Loan

  • Servicing Bank: Malayan Banking Berhad (Maybank)
  • Amount: Up to RM80,000.00 (inclusive of renovation cost, asset purchase cost, stock purchase cost, legal fees and insurance fees).
  • Tenure: Maximum 15 years or reaching the age of Sixty (60) years.
  • Interest Rate: The rate of interest shall be at three percent (3%) per annum on monthly reducing balance.
  • Guarantor: If applicable Required for all type business constitutions (sole proprietorships, partnerships and private limited companies (guaranteed by owner / partner).
  • Insurance: Borrower(s) is/are compelled to be insured with Takaful Insurance protection with a Takaful Company appointed by KSMB to protect the Borrower and the Borrower’s interest towards the loan.
  • Legal Fees: Stamp fees, solicitor’s fee, security documentation charges and disbursement shall be borne by the Borrower(s) which is included in the facility amount.
  • Ownership of Business: The Borrower(s) shall be the official owner of the business operating in the said premise and shall not close, sell, lease, transfer or enter into any form of transaction to change the ownership of the business to others after participating in this programme.

Documents Required By KSMB

  1. Photocopy of applicant’s identity card.
  2. Certificate of Business or Company registration (full set).
  3. Local Authority License.
  4. Three (3) months of latest bank statements (current or saving account).
  5. Two (2) years of latest financial statements (is any).
  6. Type of business premises (Ownership / Rental) – Valid Tenancy agreement / certificate of property ownership (Sales & Purchase Agreement of business premises) / Grant / Permission letter from owner of premises for rent.
  7. Pictures of existing automotive workshop premise.
  8. One (1) month of latest paid utility bills for the business premises (electricity & water bills).
  9. Latest Form B (Income Tax Statement) (is any).