Microfinance institution Moris Rasik, established in 2000, provides mainly group loans to women from poor households in rural and semi urban areas in East Timor. Moris Rasik operates in a very challenging environment. A poor infrastructure, limited administrative capacity and nascent institutions, and a volatile political situation makes East Timor one of the least development countries in the world. Throughout the years Moris Rasik has gradually expanded its activities. In the light of the strength and solid growth of the organisation Hivos-Triodos Fund has provided Moris Rasik with a loan.
KEY INDICATORS Moris Rasik at year-end 2012:
- number of loan clients: 11,888
- percentage female clients: 94%
- percentage rural clients: 70%
- average loan amount: EUR 305
- number of savings clients: -