Microfinance institution Moris Rasik, established in 2000, provides mainly group loans to women from poor households in rural and semi urban areas in East Timor. Moris Rasik operates in a very challenging environment. A poor infrastructure, limited administrative capacity and nascent institutions, and a volatile political situation makes East Timor one of the least development countries in the world. Throughout the years Moris Rasik has gradually expanded its activities. In the light of the strength and solid growth of the organisation Hivos-Triodos Fund has provided Moris Rasik with a loan.
KEY INDICATORS Moris Rasik at year-end 2012:
- number of loan clients: 11,888
- percentage female clients: 94%
- percentage rural clients: 70%
- average loan amount: EUR 305
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.