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Indonesia

Financing a Future One Micro-loan At a Time

The earthquake of May 27, 2006 is the worst disaster in Indonesia since the December 26, 2004, magnitude-9.1 earthquake that triggered a tsunami, killing at least 131,029 people in Indonesia alone. Another earthquake on March 28, 2005, killed about 900 people off the western coast of Sumatra.

RMF’s plan for micro-financing in the aftermath of the relief efforts was to help small businesses, either by funding the villager for a food stall, a bicycle or a sewing machine. Microfinance is a concept that had recently caught a fair amount of press due to the latest Nobel Prize winner Muhammad Yunus being a micro-financier himself.

 

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