Greetings from ADFIM.
I am very pleased to introduce ADFIM’s ne website. We are deeply grateful to the ADFIM Council Members for having taken time out of their extremely hectic schedule to guide ADFIM.
Entrepreneurship is a major feature of the Malaysian economic landscape. Since our country’s founding, it has been a driver of economic growth, of job creation, and the source of countless ideas, many of which were successfully translated into products and services that touch citizens across our country and around the world, saving lives and enhancing the quality of life.
But entrepreneurship is more than just an engine of economic growth. It is also a factor that makes communities more vibrant, inclusive, and secure. President Obama highlighted entrepreneurship’s transformative properties when he noted that it is the, “ability to turn an idea into reality – a new venture, a small business – that puts rising economies on the path to prosperity, and empowers people to come together and tackle our most pressing global problems, from climate change to poverty.” These are but some of the reasons that we are so excited about entrepreneurship and are doing what we can to promote it nationwide.
ADFIM is unique and plays a very pivotal role.
The Association of Development Finance Institutions of Malaysia (ADFIM) was established on January 12, 1981. Currently, there are 17 members comprised of 12 Development Financial Institutions (DFIs) and 5 Entrepreneur Development Organisations (EDOs)]. The Development Financial Institutions that are members of ADFIM include Agrobank, Bank Pembangunan Malaysia Berhad, Bank Simpanan Nasional, Bank Rakyat Malaysia, SME Bank, Borneo Development Corporation (Sabah) Sdn Bhd, Borneo Development Corporation (Sarawak) Sdn Bhd, Credit Guarantee Corporation, Malaysian Industrial Development Finance, Sabah Development Bank Berhad, Sabah Credit Corporation Berhad and Development Bank of Sarawak Berhad. The Entrepreneur Development Organization which are members of ADFIM include Johor Corporation, Perbadanan Nasional Berhad, Perbadanan Usahawan Nasional Berhad, Majlis Amanah Rakyat, and Malaysian Technology Development Corporation.
This unique combination of development financial institutions and entrepreneur development organizations allows ADFIM to promote synergy and collaboration toward unleashing entrepreneurship potential to serve the unserved and the underserved. We aim to provide financial inclusion and extend the services with innovative products at lower costs by leveraging the member strengths.
We hope this new year will bring new changes and challenges and, we hope that ADFIM will play a pivotal role in the SME Development of Malaysia.
Looking forward to exciting new year!
Ir Hj Mohd Prasad bin Hanif