Impact of microcredit programme for the rural poor

Evidence from Amanah Ikahtiar Malaysia

Ferdoushi Ahmed, Chamhuri Siwar, Nor Aini Hj Idris

Research output: Contribution to journalArticle

Abstract

Microcredit programmes provide small loans to the very poor in order to undertake self employment and other financial and business activities giving them the ability to care for themselves and their families and thus, achieve a level of independence. Microcredit is also referred to as microfinance and micro lending which has demonstrated to be an effective tool in the ongoing struggle against poverty and enables those without access to lending institutions to borrow and start small business. The concept of AIM is to create out of the hardcore poor households, highly motivated individuals who are committed to earn an honest living and eventually move out of the poverty level. For that reason, Amanah Ikhtiar Malaysia plays a major role in microcredit programmes of Malaysia. This paper highlights on the AIM loan programme, financing scheme, loan disburse and achievement indicators of the Amanah Ikhtiar Malaysia (AIM), and also discusses the contribution of the AIM microcredit programme to poverty alleviation in Malaysia. The experience of the AIM shows that microcredit is the most important tool in efforts to reduce poverty.

Original languageEnglish
Pages (from-to)1111-1116
Number of pages6
JournalJournal of Applied Sciences Research
Volume7
Issue number7
Publication statusPublished - 2011

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Microcredit
Malaysia
Poverty
Loans
Small business
Poverty alleviation
Microfinance
Microlending
Household
Lending
Business activity
Self-employment
Financing

ASJC Scopus subject areas

  • General

Cite this

Impact of microcredit programme for the rural poor : Evidence from Amanah Ikahtiar Malaysia. / Ahmed, Ferdoushi; Siwar, Chamhuri; Idris, Nor Aini Hj.

In: Journal of Applied Sciences Research, Vol. 7, No. 7, 2011, p. 1111-1116.

Research output: Contribution to journalArticle

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