"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.

Initiative Updates

June 17, 2010
Now four years into RMF’s partnership with KOMPIP, RMF is taking a step back to reflect on the successes of our joint Neighborhood Endowment Fund Program thus far. This community-owned revolving fund initiative provides its members with...
April 20, 2010
Mr Subhash Jindal, Vice-President of BASIX, visited us in Surakarta, Central Java to carry out an assessment of current operations and current capacity. Our objective was to develop a framework for proposals aimed at attaining funds for the BASIX...