bird's nestbusiness two months ago, of which only 41 business people applied with a total loan value of RM6.3 million.
"The harvesting of Walit's bird's nests has become one of Malaysia's primary commodity exports with a potential export value of RM1 billion a year," he said.
"There is plenty of opportunities due to strong demand from China, Hong Kong, Singapore and Taiwan," Ahmad Said told reporters yesterday in Kuala Lumpur.
Under the bank's loan scheme, applicants can borrow from as low as RM10,000 to build a low-cost house and up to RM600,000 for a bungalow for the Walit to build their nests.
Raw Walit bird's nest can fetch between RM3,000 and RM7,400 a kilogramme while the processed version can go between RM10,000 and RM18,000.