KUANTAN – The Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) foundation has allocated RM4.8 million for education loans to its staff and the public to empower human resource in the country.
Angkasa president Abdul Fattah Abdullah said the loan facility would be given to those who wanted to pursue their studies at the first degree level and higher.
“So far, we have given loans to 496 people, including 275 who have completed their studies at the degree level, with an allocation of about RM4.8 million.
“In the case of Angkasa staff, we are targeting 40 people a year to pursue their studies at the degree level,” he said after officiating the 2014 awards night for Angkasa staff here last night.
He said the fund covered studies in various fields, such as business and finance, with an estimated RM18,000 per person until 2020.
Abdul Fattah said the facility provided more opportunities for people who wanted to pursue their studies without adding to their financial burden.
“The advantage of the Angkasa foundation is that it does not impose any interest rates on the borrowers, with the condition that they are members of cooperatives or staff of Angkasa.
“Angkasa staff also enjoy salary increments if their educational performance is satisfactory,” he said. – BERNAMA