Marie Michael Library

Title

Banking on the rural poor in Malaysia: Project Ikhtiar

Author

Lucock, David A.

Description

Project Ikhtiar began in 1985 as a project to test the viability of providing credit to poor families involved primarily in agricultural activities in Selangor State. The pilot project adapted a credit system used by the Grameen Bank in Bangladesh. By 1990, nine branches had made 999 loans to 1,782 members, with a loan recovery exceeding 99%. The project illustrates the success and importance of close and regular contact with borrowers coupled with the guaranteed availability of financial services to customers in good standing.

File No

GEM-WP6

Agency

GEMINI

Date

September, 1990

Subject(s)

Credit, Malaysia

Pages

v, 17, [15]