Microcredit for Women in Central Kalimantan Cooperative

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Access to the formal credit market remains largely unobtainable to poor women in the Bukit Batu area.

YUM will now focus on the creation of a cooperative in order to conduct microcredit and savings. The cooperative will bridge an important gap in the credit market. Self-employment in the Bukit Batu area is high and local women are engaged in a number of different small-business activities. Local women have expressed a strong desire for the microcredit project to be resumed.

The YUM cooperative will offer short-term (26 week up to 52 week) group loans requiring weekly repayments. Interest will be charged at the competitive rate of 32.75%p.a and a commitment to saving will be required. Repayment will be collected at the client’s place of work or home by a field officer. Clients have the option of faster repayment if desired.

Download full request here.