Ministry of Industry and Primary resources

Micro-Credit Financing Scheme (MFS)
The Micro-credit Financing Scheme (MFS) is one of the financing schemes developed by the Ministry of Industry and Primary Resources to assist and expedite the development of Small and Medium Enterprises (SMEs) in Brunei Darussalam. The scheme is wholly financed by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and managed jointly with appointed local banks responsible for the disbursement and administration of the fund. The agency responsible for the scheme is the Entrepreneurship Development Centre, Ministry of Industry and Primary Resources. For more information about the scheme please contact:

Entrepreneurship Development Centre
Ministry of Industry and Primary Resources
CIO Secretariat For SME Financial Assistance Scheme
Jalan Menteri Besar BB3910
Bandar Seri Begawan
Negara Brunei Darussalam

Tel.: 2382846, 2382822 Ext 2401/2422
Fax: 2382865

Click here for the brochure (malay)

Participating Bank
Currently the local banks appointed to administer the scheme by the Ministry of Industry and Primary Resources are Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank Berhad.

Criteria Of Eligibility

i.
Application for the scheme is open to enterprises owned by "Rakyat Melayu" of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.

ii. All enterprises applying for the scheme must be registered with the Registrar of Companies and Business Names, either as a Sole Proprietorship, Partnership, Private Company or Public Company. Cooperatives have to be registered with the Registrar of Cooperatives.

iii. Priorities are also given to entrepreneurs who have successfully completed relevant business management trainings recognized by the Ministry of Industry and Primary Resources and / or the participating local Bank.

iv. Entrepreneurs who have no relevant business management trainings are encouraged to undergo the relevant business management courses recognized by the Ministry of Industry and Primary Resources and / or the participating local bank.

Sectors And Business Activities Which Are Qualified To Apply For The Scheme
Business activities that qualified for the scheme are activities in the categories of Production and Services as follows:

i.	Production (agriculture, fisheries and forestry).
ii.	Manufacturing (tailor shop / boutique, food etc.).
iii.	Workshop (motor-vehicle, air-conditioner etc.).
iv.	Computer and Telecommunication.
v.	Saloon / Barbershop.
vi.	Restaurant / Catering / Vendor.
vii.	Rural Industry.
viii.	Tuition School
ix.	Children Daycare.
x.	Tourism and Handicraft.
xi.	Market and Retail.
xii.	Professional Services (accountant, doctor, consultation etc.).
xiii.	Electric and Electronic Maintenance, Plumbing etc.
xiv.	Other services that support industrial development and provide job opportunities.

Financing Facilities
Term Financing

Overdraft Facility

Letters of Credit

Profit Rate
The profit rate for each financing will be 4% per annum based on annual reducing balance.

Financing Limit
The financing limit for each enterprise is B$ 50,000.00 (Fifty Thousand Brunei Dollars).

Repayment Period
The period of payment is a maximum of 5 years or less, depending upon the type of business activity.

Security
For every financing facility, applicants are required to fulfill suitable security or collaterals requirements of the participating banks:

Personal Guarantee.
Investment Monthly Deposit Account.
Property Guarantee purchase from this scheme.
Insurance / Financing Takaful Plan.

Documents And Information To Be Submitted Together With The Application Form :

i.	Certificate of Registration of company (Section 16 & 17) / cooperative.
ii.	Memorandum and Article of Association of company (Form 5 & Form X) / cooperative.
iii.	Annual Return on Allotment of Shares and Board Resolution of company.
iv.	Identity Card for Applicant / Directors / Shareholders of company / cooperative.
v.	Company / Cooperative Profile.
vi.	Project Proposal and Business Plan.
vii.	Projected Cash Flow.
viii.	Audited Account.
ix.	Statement of bank accounts for the last 3 months.
x.	Approvals from relevant authority for any business activity.

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