Project Be Your Own Boss (BYOB) Young Entrepreneurship Engagement Talent (YOUNITY) Programme

Venture into Franchise Business with YOUNITY


Description

This specialized initiative empowers Bumiputera youth to launch careers in the franchise, pre-franchise, and licensing sectors. The program provides a comprehensive success roadmap, including business matching and financing assistance, paired with structured training and six months of expert mentoring following your business launch.


Eligibility Criteria

Franchisee / Pre-Franchisee / Licensee

  • Partcipant must be within 21 years old-40 years old (man&women) ;
  • The major shareholder(s) must be youth and hold a minimum of 60% shares in the company;
  • Entrepreneur is the owner/operator;
  • Franchisor/Master Franchisee must be registered with Registrar of Franchise (ROF);
  • 100% equity owned by bumiputera;
  • Financing application through Sendirian Berhad (Sdn.Bhd) company is for financing up to RM500,000. However, financing application by Sole-proprietorship, partnership, Limited Liability Partnership (LLP) are limited up toRM250,000. only;
  • Letter of Offer from franchisor, pre-franchisor on licensor has been obtained;
  • The business must be syariah compliant; and
  • Customer must have good credit record and subject to Pernas credit criteria.
  • Customer must at least have 6 months experience in business (online/off line business.

Financing Structure

Financing Mode

Islamic Financing (Tawarruq Concept)

Financing Amount

Up to RM500,000

Financing Margin

Up to 80% from total project cost

Profit Rate

Up to 9% p.a. on reducing balance profit calculation

Financing Tenure

Based on franchise/pre-franchise/licensing terms agreement


How To Get Started

1. Attend Outreach BYOB Program

2. Registration and agree to the terms & conditions https://pernas.my/byob/

3. Receive letter of offer from the franchisor/ pre-franchisor/licensor

4. Financing application

5. Complete the 2-day program training course

6. Start your business

7. Mentoring & business monitoring for 6 months