Making the Poor Prosperous through Islamic Microfinance
PBMT is the coordinating body of BMT (Baitul Maat wat Tamwil / House of Social and Business) organizations in Indonesia. BMT itself is a microfinance institution which also acts as a social enterprise, using the principles of Sharia economy to lift people out of poverty. In Indonesia, the BMT helps the poor through a systematic step-by-step mechanism. First, the very poor people are given a grant from the donors’ donations, and guidance to start their micro-enterprises. Once they are on the right track, they will be granted a non-commercial loan with no interest. In the last stage, these people would ideally have established their own micro-enterprises.
Syndicate
