Deadline: 31-Jul-22
The Yayasan Hasanah is now inviting applications for its Hasanah Social Enterprises (SE) Fund 2022 to empower and support the organisational development of social enterprises and social innovators.
This will allow for the SE to sustain their initiatives / programmes, harness their capability to fundraise, increase public awareness in social innovation and scale their innovation solutions for good social and / or environmental outcomes.
How is the Grant Awarded?
- The HSEF2022 will be offered through two pathways:
- Seeding Path
- For SE applicants (Non-accredited SE and SE Basic) that are less than 18 months old from date of establishment and/ or are applying within Category I.
- The funding will be offered in the form of a grant to support the developmental purposes of the organisation, in line with the targeted impact areas of funds provided.
- Growth & Scale Path
- For SE applicants (SE Accredited (SE.A+)) that are more than 18 months old from date of establishment and are applying within Category II and III
- The funding provided will be in a convertible loan that looks at SE performance in meeting financial and impact targets. Convertible here refers to the percentage of Seed & Growth Grants that is repaid at Zero (0) interest rate and is based on SE achievement of agreed milestones/KPI and the proposed repayment is based on an agreed timeline and amount.
- Seeding Path
Funding Information
- Non-accredited SE and SE Basic: Up to RM100,000
- SE Accredited (SE.A): Up to RM250,000
- SE Accredited Plus (SE.A+) or its equivalent as recognised by the MoF: Up to RM500,000
Eligibility Criteria
- The grant is catered to social enterprises registered in Peninsular Malaysia, Sabah, and Sarawak, with preference for:
- Those with the capability, interest, and potential to expand and develop their business, mission, and organisation to benefit more targeted beneficiaries under YH’s priority areas (Education, Community Development, Environment, Arts and Public Spaces, Knowledge)
- Those that possess the SE Accreditation (SE.A) recognition from the Ministry of Entrepreneur Development and Cooperatives or in the process of obtaining Accreditation within the grant period
For more information, visit https://yayasanhasanah.org/hsef2022/