| Location: | Nangaroe Aceh Darusalam, Indonesia |
|---|---|
| Category: | Infrastructure & Economic Development |
| Published: | 31 October 2007 |
| Progress: | |
| Donors resident in Germany receive a donation receipt for this project. | |
| Rating: |
|---|
Since 1967, CARE has been active in Indonesia. Since the outbreak of the tsunami, it has supported approximately 350,000 survivors in Banda Aceh, Aceh Besar and on the islands Simeulue and Nias. Now that the first emergency relief and reconstruction work measures have finished, people must be given a new future perspective. This is done by income creating measures.
CARE believes that microcredit programmes are an effective method of breaking through the vicious circle of poverty especially after a catastrophe. Therefore, together with the project partner BISMA, CARE implements a microcredit programme for tsunami victims in the province of Nangaroe Ace Darussalam. CARE invests in revolving funds which are administered by the Micro Finance Institutions.
In this way, the poorest of the poor, who usually run small trade and service businesses as well as small manufactories, obtain credits which would otherwise never have been granted to them. In this regard it is of utmost importance not to treat the borrowers as receivers of help but as equal business partners who feel obliged to repay their credit. Taking this into account, CARE expects people to use the credits in an effective and productive way. On the other hand, CARE focuses on the training and further education of the MFI partners in order to sustainably develop and strengthen their capacities.
CARE believes that microcredit programmes are an effective method of breaking through the vicious circle of poverty especially after a catastrophe. Therefore, together with the project partner BISMA, CARE implements a microcredit programme for tsunami victims in the province of Nangaroe Ace Darussalam. CARE invests in revolving funds which are administered by the Micro Finance Institutions.
In this way, the poorest of the poor, who usually run small trade and service businesses as well as small manufactories, obtain credits which would otherwise never have been granted to them. In this regard it is of utmost importance not to treat the borrowers as receivers of help but as equal business partners who feel obliged to repay their credit. Taking this into account, CARE expects people to use the credits in an effective and productive way. On the other hand, CARE focuses on the training and further education of the MFI partners in order to sustainably develop and strengthen their capacities.
