Six Month Update

March 31, 2007

Nicholas Taranto

The community savings program is the beginning of a much more long-term, and what I think is a positively exciting, approach to bringing people out of poverty.

This past October, the Real Medicine Foundation (RMF) issued a US$10,800 grant to Yayasan KOMPIP (YK) to expand YK's TRT or "community savings" project in Mlese Village, Central Java. Since dispersal, the grant has already directly impacted over 1,000 individuals. The RMF grant has stimulated a multiyear process of economic growth that will actively fight poverty and redevelop the community, damaged in a May 2006 earthquake. In Mlese Village, where over 99% of homes were partially or entirely destroyed, the RMF grant has begun to serve as a direct catalyst to revitalizing the community and returning village members' lives to normal. Much progress has been made, but many thousands of villagers in dozens of neighboring communities are still waiting for assistance. Read more in the full report available for download below.

Country Page: Indonesia Initiative Page: Community Savings Project