Malaysia: Financing Micro-Enterprises During a Crisis
Source: The Edge Markets
As the only peer-to-peer (P2P) financing operator in Malaysia that focuses on the microfinance sector, microLEAP PLT certainly has its hands full at this time with many microenterprises struggling to survive the COVID-19 pandemic.
According to founder and CEO Tunku Danny Nasaifuddin Mudzaffar, the platform has seen an increase in interest from microenterprises that want financing. But at the same time, it has also become difficult to find issuers (borrowers) with a good credit rating.