REPUBLIKA.CO.ID, JAKARTA - The U.S. Embassy in Jakarta to establish cooperation with Muamalat Indonesia to develop microfinance. Through the U.S. Agency for International Development (USAID), the U.S. would provide a guarantee about 50 percent or Rp 5 billion of total financing to micro-channeled Muamalat PT Family Business Partners for 1.15 million U.S. dollars, or about USD 10 billion.
According to the U.S. Ambassador, Scot Marciel, the U.S. government is committed to alleviating poverty in Indonesia. "Our micro sector is regarded as one of the ways to improve the welfare of the community," he said in a press conference and signing memoratorium USAID Muamalat, Tuesday (23 / 8). (source)
