Disbursement

MIED has disbursed 11,368 students since 1984 to 2016 amounting RM 140,881,901

YEARAMOUNT RM
TOTAL140,881,901.35
1984 - 200010,044,979.07
20017,792,249.30
200212,055,728.52
200310,245,183.13
20049,126,606.80
20056,150,437.10
20068,515,075.36
20075,635,223.56
20086,369,638.83
20096,979,800.41
20103,852,890.10
20113,662,399.10
20127,581,206.20
20136,597257.45
20146,311,990.50
20156,983,749.40
20166,916,835.00

 

In 2016, MIED disbursed more than RM 6,916,835 in loans to 674 students pursuing higher education and we look forward to being able to do the same for this year.

From these loans, a sum of RM 4.4 million went to 396 students pursuing Medicine. The next highest number of loan recipients was for Dentistry Studies with 56 students and for Engineering 40 students.

Details of courses, the loan amounts and the number of loan recipients in 2016:

COURSENO OF STUDENTAMOUNT RM
TOTAL6746,916,835
MEDICINE3964,419,550
DENTISTRY56632,880
ENGINEERING40291,050
LAW27256,500
BUSINESS22147,280
AVIATION13127,500
INFORMATION TECHNOLOGY17102,050
ACCOUNTING14101,514
PHARMACY982,500
AERONAUTICS770,000
EDUCATION645,300
HOTEL MANAGEMENT210,500
OTHERS65630,211

 



Recovery

Many loan providing institutions face the problem of loan defaulters. MIED is no exception. However, in the case of MIED, when borrowers default on their loan payments it affects the resources that is available for the next loan borrower. If this is left unchecked it will have adverse implications on MIED’s role as a loan provider to needy Indian students. Hence, the Loan Recovery Department has deployed many new strategies to lower the default rate and to improve collections over the last 22 years.

The amounts recovered annually from 1995 to 2016 are given below:

YEARAMOUNT RECOVERED (RM)
TOTAL107,439,135.19
1995 (Sept - Dec)215,711.58
1996 - 20004,548,342.19
20011,243,662.97
20022.130.844.25
20032,836,225.36
20044,041,178.05
20054,473,799.30
20064,397,487.00
20075,015,642.05
20084,613,943.29
20094,653,944.36
20105,699,365.27
201110,871,570.09
201210,811,845.37
201310,358,991.29
201411,289,030.07
201510,434,546.17
20169,803,006.56