CGC launches natural disaster financing facility

Credit Guarantee Corporation Malaysia Berhad (CGC) has launched the Special Assistance Scheme (SAS-i), a direct financing facility aimed at providing financial assistance to existing customers affected by natural disaster. The SAS-i was launched as a proactive effort by CGC to assist their customers to recover and resume their business operations soon after the occurrence of any natural disasters such as floods, tsunami, earthquake and epidemics. This SAS-i financing facility will be made available to those who are in towns or districts that have been defined as a disaster area by the National Security Council, Prime Minister’s Department or deemed as a disaster area by CGC.

CGC’s President / Chief Executive Officer, Mohd Zamree Mohd Ishak said that the SAS-i is an initiative undertaken to alleviate the financial challenges likely to be faced by CGC customers in the event of a natural disasters.