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Moris Rasik Presentation to

Transforming Timor-Leste
Conference
Dili, 6, 7 July 2009
Background of Moris Rasik
• Moris Rasik was established in November 2000
as a specialized microfinance institution. It is
registered with the NGO Forum of Timor Leste as
a National NGO.

• First branch office opened in Maliana, Bobonaro


District, which had a higher concentration of
population and better opportunities for trade due
to its location near the border with Indonesia.

• MR has slowly expanded its operations and now


operates in 12 districts with 15 branches.
• Moris Rasik follows the Grameen Bank model of microfinance.
Lending occurs through women’s groups. Six to eight such
groups form a centre. All financial transactions are carried out
in the weekly centre meetings, held by a Field Staff.

• MR is offering 7 different products to its clients. They are:


1. Group Lending with 2 products: Individual Group
Lending and Special loans;
2. Individual/Salary Loans with 2 products: Haburas
Business and Haburas UmaKain;
3. Savings with 2 products: Open Access Savings and
Depozitu (Term Deposit)
4. Microinsurance – Credit/Life

• MR will provide Financial Literacy Training to its clients by


engaging a local training provider before the end of this year

• The energy product and the House Improvement Loan will be


launched next year.
Geographic spread of
Moris Rasik
SAVINGS
Indicators Bobonaro Covalima Ainaro Aileu Liquica Manatuto I.L.U. Moris
Rasik

Total Portfolio $520,344 $237,813 $351,563 $505,951 $189,901 $1,270,352 $3,461,616


$385,692

Portfolio at 0.7% 4.1% 3.4% 0.8% 0.5% 0.0% 1.4% 1.25%


Risk
Total Number 1,154 746 1,800 2,160 1,672 1,537 1,355 10,424
of Borrowers

Total Number 1,514 746 2,045 2,386 1,969 1,684 14 10,358


of Savers

Total amount 800,737 300,505 863,267 702,676 556,426 236,298 5,080 3,547,990
of Savings
184,487 79,330 131,550 217,909 124,280 67,150 0 804,706
Term Deposit

Amount 713,143 323,199 763,345 530,749 415,510 146,032 0 2,891,978


Withdrawn
Savings 272,082 139,636 231,472 389,836 265,196 157,416 5,080 1,460,718
Balance
Focus
Group

Solar Lantern
Thank you