Microcredit Business Scheme

Microcredit Business Scheme (MCBS) will provide loans at reasonable costs and repayment terms for individuals wishing to set up small businesses to be managed and operated by the individual. Loans can also be considered for individuals who wish to expand their existing small businesses.  

The primary objective is to extend small loans to help the segment of the community that cannot get financing from traditional credit to engage in self-employment projects. With the financial support from MCBS, our borrowers can develop a regular source of income from their self-employment projects, thereby improving their livelihood and enabling them to provide a better life for their family. 

Basic Eligibility

1. The applicant must be a Singaporean.

2. The applicant must be 18 years old and above.

3. The applicant’s gross annual income must not be more than $30,000 per annum. 

WINGS as a partner

It is WINGS mission to help women aged 40 and older to age successfully, specifically in the areas of health, wealth and happiness. In the area of wealth, we want the women to learn financial management and literacy so that they can be financially independent as they age. We also help to provide opportunities for income generation. A collaboration such as the MicroCredit Business Scheme is one way we can help women who are keen to start their own business by connecting them to available resources to kickstart their business.  

Fact Sheet on Microcredit Business Scheme (MCBS)

FAQ on MCBS 

For more information, please contact:

MCBS, Tel: 6774 4318 (Mon to Fri: 9 am to 6 pm) or click the link to MCBS website

May Tan, Tel: 6250 1012 (WINGS)

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