{"id":2044,"date":"2012-04-17T12:31:54","date_gmt":"2012-04-17T04:31:54","guid":{"rendered":"http:\/\/www.therocket.com.my\/en\/?p=2044"},"modified":"2012-04-17T12:31:54","modified_gmt":"2012-04-17T04:31:54","slug":"%e2%80%98teach-a-person-to-fish%e2%80%99","status":"publish","type":"post","link":"https:\/\/www.therocket.com.my\/en\/%e2%80%98teach-a-person-to-fish%e2%80%99\/","title":{"rendered":"\u2018Teach A Person To Fish\u2019"},"content":{"rendered":"

Welfare isn\u2019t all just about handouts. In an effort to equip the poor to have a chance at social mobility, Selangor launched two micro-credit schemes in March 2010 to eradicate poverty, namely MiMBAR and SKIMSEL. The results have gone beyond expectations.<\/p>\n

MiMBAR <\/strong><\/p>\n

\"\"<\/a>One of the MES programmes, this interest-free micro-credit scheme is specifically targeted at the urban poor in their endeavours to get into small-scale businesses. The scheme has the stated aim of providing \u201cassistance to work\u201d, in other words getting the poor off welfare and unto workfare.<\/p>\n

In MiMBAR, two forms of assistance are provided for the successful applicants. In the micro-credit assistance portion, cash loans that range from RM 1000 to RM 5000 are provided. The repayment duration is monthly over a twelve months period.<\/p>\n

In addition, MiMBAR also provides equipment and product assistance to the borrowers. Equipment assistance includes such things as burger kiosks, ice-blender kiosks, goat milk products, canopies, gau mineral water etc. This serves as an alternative to cash loans for those looking to expand their businesses.<\/p>\n

As of March 2012 more than 2600 applicants have received loans from the scheme. A total of RM 5.3 million has been disbursed in cash and equipment forms.<\/p>\n

SKIMSEL<\/strong><\/p>\n

\"\"<\/a>A similar scheme to MiMBAR, SKIMSEL is catered for the rural poor. SKIMSEL aims to provide micro-credit loans, encouraging saving habits and human development. Categories of the product offerings include business, miscellaneous and education financing, compulsory savings and civil servant financing<\/p>\n

The applicant is able to borrow without collateral and guarantor or fear of legal action. The loans comes in three increasing amount packages \u2013 Ehsan (2000-3000), AMAN (3001- 5000) and MAKMUR (5001-20000).<\/p>\n

Repayment period is weekly over a duration that ranges from 12 weeks to 100 weeks, depending on the loan amount. The borrowers are required to attend a three-day training before commencing loans disbursement and also subsequently attend weekly meetings to report on their business progress.<\/p>\n

As of March 2012, more than 5000 applicants have applied for the loans. Some of the business loan applicants have reached the Makmur brackets. A total of RM 20 million has been disbursed thus far.<\/p>\n

Selangor\u2019s efforts have compared favourably with similar schemes by the federal government, 1 AZAM Niaga dan Khidmat. These programmes are estimated to have around 4000 successful applicants in 2011 for the whole country.<\/p>\n

Another fact is that most of the successful applicants for both Selangor\u2019s micro-credit schemes are women. -The Rocket<\/p>\n","protected":false},"excerpt":{"rendered":"

Welfare isn\u2019t all just about handouts. In an effort to equip the poor to have a chance at social mobility, Selangor launched two micro-credit schemes in March 2010 to eradicate poverty, namely MiMBAR and SKIMSEL. The results have gone beyond expectations. MiMBAR One of the MES programmes, this interest-free micro-credit scheme is specifically targeted at […]<\/p>\n","protected":false},"author":1,"featured_media":2046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2044","post","type-post","status-publish","format-standard","hentry","category-cover-story"],"_links":{"self":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/2044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/comments?post=2044"}],"version-history":[{"count":0,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/posts\/2044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/media\/2046"}],"wp:attachment":[{"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/media?parent=2044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/categories?post=2044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.therocket.com.my\/en\/wp-json\/wp\/v2\/tags?post=2044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}