Getting finance – DARe’s Microcredit Financing Scheme

Get up to $15,000 with BIBD. No collateral required


NEED an injection of capital to kick start your business?  Darussalam Enterprise (DARe) has partnered up with Bank Islam Brunei Darussalam (BIBD) to roll out a financing scheme of up to $15,000 with no collateral required.

With an annual profit rate of 4 per cent* and a repayment period of up to three years, the Microcredit Financing Scheme (MFS) is open to businesses wholly owned by locals with less than 100 employees.

To apply, draw up your business plan specifying what the loan will be used for, and submit it to: 

​ ​BIBD’s SME 360 centre at 
​BIBD Serusop Branch, 
Unit 1-3, Block A, Lot 4879, Complex Hassinin, 
Kg Delima Satu, Jln. Muara, BB2313. 

​Telephone No. 2269736/2269527/2269540
BIBD Seri Branch in Plaza Tumasek, Jln Tutong.

DARe and BIBD will jointly assess the viability as well as the sustainability of the proposals submitted.

Once approved, businesses will get the opportunity to join classes relevant to them under DARe’s Industry Business Academy (IBA), designed for aspiring entrepreneurs and professionals who want to learn how to start, grow and expand a business.

Successful applicants will also be given a free six month trial of BAG Network’s Cendana – a computerized business management system that’s capable of recording business activities and producing comprehensive progress reports.

Should applicants be unsuccessful, we will work with them to improve their plans through IBA, and encourage them to resubmit.

If you have questions please contact us through our hotline at 8363442, email at dare@ei.gov.bn or reach BIBD at 2238181.

*The profit rate, payable to the bank, is based off the annual remaining balance. $5,000 in financing translates to approximately $150 per month for three years.