Boost

Boost is a subcategory of Micro Financing, which focuses on emerging businesses wanting to upgrade from home-based operations towards a more commercial set up. Ideal for micro businesses wanting to expand. The difference between Boost and Biz Belia is the requirement for how long the business has been operating.

Financing Amount: BND$1,000 – 5,000

Eligibility Criteria:

• The applicant must be at least 18 years and not more than 65 years old.

• Bruneian resident holding a yellow or purple Identification Card.

• Profitable trend in business.

• The company or business must be registered and operating in Brunei

• The applicant must be the owner or shareholder of the business.

• The business must be operating consecutively for the last 24 months.

• The business activity does not contradict Syari'ah rules and concepts.

• Applicant should not be under active litigation nor bankruptcy.

Required Documents:

• IC of Applicant/ Directors/ Shareholders/ Guarantor

• Bank Account Statement (Previous 12 months)

• License or permission from relevant authorities for business activity*

• Company Registration/ Business Names Act Section 16 and Section 17

• Form X**

• Memorandum and Articles of Association**

• Joint Venture & Shareholder’s Agreement**

• Shares Allotment*

• Audited financial statements*

• And any documents required by the bank

*If Applicable

** Required for Sendirian Berhad