Community Savings Project, Mlese Village, Klaten City, Central Java (Completed)

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.
The Real Medicine Foundation's plan for microfinancing 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. It is not just giving fish but giving the equipment to fish. It is a method of aid that is practical, long-lasting and its effects, multiplying. Microfinance can perhaps be considered as a secondary need - important but not as urgent as say, food and shelter.  

Initiative Updates

March 16, 2009
collected by KOMPIP “Thanks God, everything is going very very well!” Says Mr. Paryono, secretary of the Neighborhood Endowment Fund (NEF) from sub-village Pulorejo, village Mlese, at the heart of the earthquake area in Klaten,...
March 31, 2007
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...
December 24, 2006
...The Real Medicine Foundation came with the main plan of microfinance 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...
November 16, 2006
  Two staff members have been hired and have already been on-site for three weeks. Nine out of nineteen RTs (neighborhoods) have had their first of three training sessions, and the other ten RTs are scheduled...