In this final week of January, MIDAS would like to highlight another amazing womanpreneur, Nuraizah Shamsul Baharin, Managing Director of Madcat World Sdn. Bhd., who started a micro funding platform to empower women in business. Introduced in 2019, MADCash is an initiative that provides access to Syariah compliant loans for WOMEN of B40 that need to start or upgrade their business.
The MADCash platform enables unbanked and underbanked B40 women entrepreneurs to get interest-free micro-loans as rolling capital to grow their economic status. MADCash is a mobile-first solution allowing organizations that do micro-funding to be able to track and measure the performance of their beneficiaries. The interest-free loan is distributed through a weekly payment of up to 10 months and each repayment then goes to fund the next qualified applicant, thus creating an ecosystem of funding women entrepreneurs.