"Koperasi DAMAR Jateng" (KDJ) - DAMAR Cooperative for Central Java
Savings and Loans Cooperative
In November 2009, the DAMAR-KOMPIP cooperative was founded to build on the success of the NEF model by supplementing the services currently provided. Acting as a legally independent microfinance institution, the cooperative will provide increased financial services to economically active members of impoverished communities, including savings, retirement, insurance and access to larger loans. Additionally, KOMPIP will use its decade of experience in grass- roots community empowerment to assist the cooperative’s members to gain access to critical social services that have been pledged by the government, especially in the areas of education and healthcare.
The DAMAR-KOMPIP cooperative’s working system will be based largely on the Grameen model. This model has been employed by Mitra Bisnis Keluarga (MBK), the most successful microfinance institution in Indonesia with whom Real Medicine Foundation is currently forming a partnership. A forthcoming collaborative effort between our two organizations will be instrumental in DAMAR-KOMPIP’s implementation of a Grameen-based model.