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Agrobank Provides Financing For Fishermen To Own Affordable Homes

As a strategic partner to the agro community, Agrobank takes a step further in providing housing financing to fishermen to own affordable homes under the Program Kediaman Mampu Milik-i (PKMM-i) for the Fishermen Resettlement Project (PPSN) in Bunut Rendang, Kuantan.

The PPSN is an initiative by the Pahang state government and Fisheries Development Authority of Malaysia (LKIM) with Agrobank as the main financier for the project.

“The collaboration aims to help the fishermen in the area to own a comfortable home while improving the socio-economic status and welfare of the local fishermen communities in Pahang as a whole,” the bank said in a statement today.

The collaboration among Agrobank, the Pahang state government and LKIM is a testament to the strong support and confidence of the financial institutions in the national housing agenda, initiated by the state government and supported by LKIM.

Chief business officer Ahmad Shahril Mohd Shariff said: “As the main financier to the PPSN project in Bunut Rendang, Agrobank is offering financing of up to 105 per cent, which involves RM36,750 for a residential unit and RM2,756,250 for total financing of 75 residential units in this project.”

Ahmad Shahril said the financing offered by Agrobank through the PKMM-i programme indirectly opens up opportunities for more fishermen who are earning less than RM4,000 a month to own a home.

“This participation is in line with our goal at Agrobank to focus on programmes which are aimed at supporting the unserved and underserved communities and further improve the socio-economic status of B40 groups,” he said.

A ceremony organised by the state government was held this morning to officially hand over the keys to the new owners of PPSN residential units.

The bank said the residential area has also been equipped with other infrastructure facilities as a surau, a fishing pier, TNB substation, water treatment and drainage system, water tank, and landscaped garden.

Established in 1969, Agrobank is actively involved in charting the growth and development of Malaysia’s agriculture industry by offering shariah-compliant products and solutions across various customer segments including corporate, commercial, consumer, trade finance and micro-financing customers.- BERNAMA

BacalahMalaysia Team

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