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Micro Financing Referral - Terms and Conditions
Micro Financing Referral - Terms and Conditions
Written by Jennifer Wong
Updated over a week ago
  1. This Referral Campaign (“Campaign”) is organized by Modalku Ventures Sdn Bhd (“Funding Societies Malaysia”) and is only applicable to Micro Financing and Micro Credit Line products in Malaysia.

  2. This Campaign is open to all new and existing note issuers (“Eligible Participants”) who:
    (i) have applied for Micro Financing or a Micro Credit Line solution with Funding Societies Malaysia; and

    (ii) have successful disbursement and ongoing financing with Funding Societies Malaysia.

  3. Eligible Participants who successfully refer (“Referrer”) any note issuer (“Referee”) to Funding Societies Malaysia through a unique referral link provided by Funding Societies Malaysia (“Referral Link”) will be entitled to RM100 cashback (“Referral Reward”) subject to the conditions of Referral Reward under Para 4. For the avoidance of doubt, any financing application submitted directly by the Referee to Funding Societies Malaysia other than through the Referral Link will not be entitled to such Referral Reward.

  4. The Referral Reward conditions are as follows:

    • The Referee may receive the Referral Reward upon successful disbursement of any note issuance by Funding Societies Malaysia to the Referee, regardless of the Referrer’s status.

    • The Referrer may only receive the Referral Reward provided that they have an existing note issuance facility with Funding Societies Malaysia.

    • The Referral Reward shall be credited and reflected on the statement of account of the Referrer and the Referee in 30-60 days post announcement via email

  5. There is no limit to the number of referral applications that can be submitted by the Referrer.

  6. The Referrer shall obtain prior approval from any Referee in respect of disclosure of any information and if so required to comply with the Personal Data Protection Act 2010.

  7. Eligible Participants should read and understand the contents of the disclosure document or any relevant agreement or contract before making any decision and understand the risks involved concerning this Campaign.

  8. Every reasonable effort has been made to ensure that the turnaround time is adhered to but the timeline may still be subject to change depending on various circumstances including but not limited to the completeness of information furnished by the Eligible Participants.

  9. Funding Societies Malaysia reserves the right to add, delete or vary the terms and conditions herein, wholly or in part, at its absolute discretion by way of posting the amended terms and conditions on Funding Societies’ Malaysia website without prior notice.

  10. Funding Societies Malaysia reserves the right to change the Referral Reward due to circumstances beyond its control and to offer an alternative of similar value. The Referrer has not provided any consideration for this Campaign and this Referral Reward is offered gratuitously by Funding Societies.

  11. By participating in this Campaign, you agree to be bound by the terms and conditions herein and agree that Funding Societies’ Malaysia decision on all matters relating to this Campaign shall be final and binding. You also agree to access Funding Societies’ Malaysia website to keep up-to-date on any changes or variations to these terms and conditions.

  12. Funding Societies Malaysia shall not be liable for any claims, losses, damages or costs incurred or suffered by any participants as a result of their participation in this Campaign.

  13. These terms and conditions shall be governed by and construed in accordance with the laws of Malaysia and subject to the exclusive jurisdiction of the Courts of Malaysia.

  14. Eligible Participants shall also be obliged with the Website Terms and Privacy Notice stated on Funding Societies Malaysia website.

Disclaimer: Funding Societies is a recognized market operator registered with the Securities Commission of Malaysia (SC). The registration with the SC does not constitute or imply endorsement or recommendation by the SC. The promotional material for this Campaign has not been reviewed by the SC or any regulatory authority of Malaysia.

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