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Through out the 70s and 80s USMs Centre for Policy Research was engaged in poverty related research. In 1984 the centre recommended to Prime Ministers Department a microcredit scheme to be available to poor and landless farmers. 1986 : USM initiated a microcredit scheme known as the Projek Ikhtiar. It was the first international replication of the Grameen Bank. 1987 : Projek Ikhtiar was transformed into Amanah Ikhtiar Malaysia (AIM), which is now the largest Micro Finance Institutions (MFI) in Malaysia. 2011 (May): 272,923 members and disbursed over RM 5.3 billion
1996 : USM initiated a 2nd microfinance scheme, Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN), which later transformed to TEKUN Nasional. 2011 (April):disbursed over RM 1.69 billion to 183,364 entrepreneurs (45.8% women)
2009 :KANITA/USM started the Project Titian Saksama Rakyat Penang (PTSR) together with Penang Development Corporation (PDC). Bridging inequality gap through micro-credit to the bottom 40% of the Penangites. Until 2010 RM 1.47 million is distributed to 400 Rakan Mauffakat
2010: KANITA/USM advised the Perak state government on microcredit. June 2011: RM 3.4 million is distributed to 223 men and 177 women.
2008 : USM introduced the Micro-Pinj project, a microloan scheme to its low income staff. The project is financed from donation by USMs staff of all levels. August 2011: Miro-Pinj mobilised over RM 160,000, from the staffs, and disbursed over 157,000 to 42.
OPERATING EFFICIENCY
Year 2001 2002 2003 2004 2005 Branch 62 63 63 69 69 Active client 68,461 75,563 74,557 123,950 134,492 No FA 573 476 476 526 507 Av client per FA 127 153 147 235 265 Av Client/Br 1,180 1,157 1,114 1,796 1,949 % OE 42.1 41.3 39.8 60.9 66.2
2006
2007 2008
68
69 76
144,879
161,749 183,970
510
515 515
284
314 357
2,129
2,344 2,666
71.3
79.6 90.5
FINANCIAL PORTFOLIO
Tahun CAPITAL PROVIDED (RM) 128,126,650 140,712,480 152,082,150 325,969,550 304,198,630 344,883,284 432,246,370 565,911,058
OPERATIONAL
% OSS
OVERHEAD
COST Per RM
CAPITAL
More Savings
Low Income LC1 Low Savings
Low Investment
1. Developing alternative Islamic Microfinance finance products (3 M). 2. Increasing sustainable livelihood for the poorest households
Low Income 2 Being serviced by existing MFI Low Income 1 T Poor Very Poor
COUNTRY
Bangladesh
BURO, formerly BURO Tangail Grameen Bank ASA FINADEV Microfinance Bank Finca Microfinance Groupe Soficom Dakahlya Businessmens Association for Community Development Amhara Credit and Savings Institution Dedebit Credit and Savings Institution Oromia Microfinance Asmitha Microfin Ltd. Grameen Koota SKS Microfinance Private Limited SEWA: Self-help Womens Association
Egypt
Ethiopia
India
Jordan
Kenya
Kazakhstan One Acre Fund Kosovo Khan Bank (Agricultural Bank of Mongolia LLP)
Estate Microfinance Bank Kashf Foundation Tameer Micro Finance Bank Limited
Mongolia
Nigeria Pakistan
Ongoing research projects: - Corporate governance and ownership issues in the microfinance industry - Management, performance and efficiency in microfinance institutions - International business & microfinance - Livelihood, self-employment and microfinance for disabled persons - Gender issues in microfinance with particular focus on management and institutional performance - Customer bank relationships in microfinance - Savings and credit groups their impact and their performance
2. Grameen Foundation - By helping local microfinance institutions become more effective, and by providing the poor with innovative mobile phone-based solutions, weve helped millions pull themselves out of poverty 3. Multinationals 4. Local based companies 5. Government