TECH Outreach was introduced in Malaysia in 2004 by Dr. Selvamalar Ayadurai (Dr. A. S. Malar), an Entrepreneurship Consultant, who has worked closely with the women of the war-torn zone in the North-East of Sri Lanka. TECH Malaysia is the ‘youngest’ TECH to be formed. TECH was registered with the Registrar of Companies in Malaysia in 2004. In 2008, Dr. Selvamalar Ayadurai expanded the scope of TECH Outreach to cover not just communities in Sri Lanka but disadvantaged communities in Malaysia and other parts of the world that require socio-economic and technological development. TECH Outreach was formed in 2008 and registered with the Registrar of Societies in May 2009.

TECH Outreach Malaysia functions on the platform to transform, enhance, cultivate and harness the elements imperative to championing the SELF-SUSTAINABILITY pursuit in disadvantaged communities. TECH Outreach Malaysia believes in helping communities tap into their potential and transform themselves through entrepreneurial pro-activeness, risk-taking and innovation. It is within this framework of vision that TECH Outreach has adopted the famous “Grameen Micro-Credit Financing” Model by Professor Muhammad Yunus, in transforming communities.

The Grameen Banking System (GBS) is a Micro-Credit Financing Model which gives loans to women without any collateral or guarantee. It is the brainchild of Professor Muhammad Yunus, the 2006 Nobel Peace Laureate of Bangladesh who recently was awarded the Medal of Freedom by President Barack Obama. It was introduced in 1976 in Bangladesh but today has been replicated in more than 150 countries, including Malaysia. More than 98% of the borrowers are women who borrow the money for income generation projects. Women borrowers form groups of 5 to 10 on a group lending basis and repay the loan on a weekly basis under a closely supervised and established banking system. The GBS has alleviated poverty and lifted more than 68% of the women borrowers above the poverty line. Women under the GBS strictly adhere to the 16 Decisions which is a “way of life” professed under the Grameen Model.

 

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TECH Outreach Malaysia

Dr. Selvamalar Ayadura / Amaravathi Navaratnam / ManoharyContact Person
[email protected] ; [email protected] ; [email protected] ; [email protected]Email
www.techoutreach.org.my/Website
Dr Malar 0122396547 | Murali - 6016-5514095 | Manohary - 6012-9310706 Phone Number
+603-7722 1518Phone Number
+603 7722 1532Fax Number
Established since 2004Year of Establishment
PPM-023-10-05072009Registration Number
Suite 3-11, Level 3, Wisma BU 8, No. 11, Lebuh Bandar Utama, Bandar Utama PJU 6, 47800 Petaling Jaya, Selangor, MalaysiaAddress
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