A member of the World Bank group will work with Moris Rasik, its first Micro Finance partner in Timor-Leste to expand access to finance for micro and small entrepreneurs in the country’s rural areas, helping them start and grow their business.
IFC signed an agreement with Moris Rasik to provide a performance-based grant over three years to fund its transition from non-governmental organization into a commercial financial institution.
IFC Regional Manager, Gavin Murray said Microcredit allowed entrepreneurs to start and expand small business, helping them out of poverty.
News translated by Alberico Junior
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