KUALA LUMPUR (Aug 24): GHL Systems Bhd is collaborating with the United Nations Capital Development Fund (UNCDF) in designing affordable financial solutions for micro, small and medium enterprises (MSMEs) in Malaysia.
“Together with the technical know-hows and experience of UNCDF, we are excited to extend a broad range of financial products and services to the MSMEs segment,” GHL group CEO Danny Leong said in a statement today.
Noting that the livelihoods of MSMEs have been severely affected by the Covid-19 pandemic, he said the new partnership aims to improve the financial health of these enterprises.
Leong said the partnership will be undertaken through i3 Program, which is funded by MetLife Foundation.
AmMetLife Insurance Bhd CEO Ramzi Toubassy said his company is pleased that through MetLife Foundation, it is able to support UNCDF’s work in bringing together all the leading players in Malaysia including Bank Negara Malaysia, the Malaysia Digital Economy Corp (MDEC) and GHL, to support small business owners as they seek to recover from the pandemic.
MDEC’s vice president of fintech and Islamic digital economy Norhizam Kadir sees the collaboration between MDEC, UNCDF, Metlife Foundation and GHL as the kind of impactful private-public partnership that the corporation has strived for.
Shares of GHL closed one sen or 0.5% lower at RM1.98 today, valuing the company at RM1.51 billion. Over the past year, the counter has risen by 50%.