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Overview
| Donor: | Yayasan Hasanah |
| Application procedure: | Full Proposal |
| Donor base: | Malaysia |
| Reference number: | - |
| Eligible applicants: | Non-Profit Organisation, Social Business |
| Deadline: | 30.12.2023 |
Financial details
| Grant size: | Small - up to $100,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Grants |
| Maximum grant size: | - |
| Funding ratio: | up to 100% |
Sectors
- Arts & Culture
- Capacity Building
- Climate Change
- Education
- Environment & Natural Resources
- Governance & Democracy
- Research, Technology & Innovation
Project Locations
Asia
Malaysia
Description
1) Objective
Yayasan Hasanah (“Hasanah”) today announced the opening of the Hasanah Social Enterprise Fund 2023 (HSEF2023), the continuation of a pioneering funding programme aimed at catalysing the growth of small and medium enterprises in Malaysia that are geared towards creating positive social or environmental impact. It is a RM10 million funding programme by Ministry of Finance and Yayasan Hasanah to upscale innovative solutions with measurable social and environmental goals.
Funded by the Ministry of Finance (MoF) and managed by Hasanah, HSEF2023 is open to all businesses registered in Peninsular Malaysia, Sabah or Sarawak that aim to grow its commercial as well as social and environmental goals. In its debut last year, HSEF2022 disbursed a total of RM4.64 million to 32 entities.
This year, HSEF2023 seeks to widen the coverage of recipients to include all types of scalable enterprises that meet social and/ or environmental objectives. These enterprises would exhibit the capability, interest, and potential to expand and develop their business, mission, and organisation that are aligned with Hasanah’s focus areas, namely Education, Community Development, Environment, and Arts and Public Spaces.
2) Eligibility
They are looking to support scalable enterprises that meet social and/ or environmental objectives.
3) Location
Actions must take place in Malaysia.
4) Budget
HSEF 2023 will be offered through three categories: The first category, ‘Seeding Path’, offers funding of up to RM100,000 in the form of a grant to support the developmental purposes of the recipient organisation. The second category, ‘Growth & Scale Path’, provides funding up to RM500,000 in the form of a zero-interest rate loan, after which the proposed repayment amount and period are evaluated based on the applicant’s performance in meeting financial and impact targets. The third category is especially for applicants that are SE Accredited (SE.AC) and possess certification from the Ministry of Entrepreneur and Cooperatives Development (KUSKOP). Recipients are eligible to apply for a zero-interest loan of up to RM750,000.
5) Application
Application will remain open until 30 December 2023 or when the fund allocation has been fully committed.