KUALA LUMPUR, May 8 (Bernama) -- An organisation called GMB Malaysia will
embark on a nationwide tour to seek feedback from young entrepreneurs on
problems faced in developing their capacity.
GMB Malaysia President Agil Faisal Ahmad Fadzil said that through the "Young
Meet Young" programme, brainstorming sessions would be held with young
entrepreneurs of all races to identify problems they were facing.
"Preliminary feedbacks show that most problems relate to the difficulty in
obtaining capital to expand business as well to market and develop a product,"
he told Bernama today.
He said most young entreperneurs found it hard to obtain bank loans because
they did not have experience particularly in preparing a business proposal when
applying a loan.
They also did not make use of funds provided by the government for small and
medium-scale entrepreneurs through various institutions such as Bank Simpanan
Nasional and the special fund that was created to help youths, he said.
Agil Faizal said that during the sessions, the young entrepreneurs would be
brought to see various agencies that could assist them such as in obtaining
capital and advice on how to market a product as well as carry out R&D.
"This is important to prepare them before they can go to the international
market by participating in investment missions organised by various government
agencies," he said.
The "Young meet Young" programme will start in Kuantan, Pahang, this week
before going to Selangor, Terengganu, Kelantan, Perlis and other states
including Sabah and Sarawak.