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The Effectiveness of Islamic Microfinance in Brunei Darussalam: A Case Study

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dc.contributor.authorMorsid, N.en_US
dc.contributor.authorAbdullah, R.en_US
dc.date.accessioned2024-05-29T08:19:37Z
dc.date.available2024-05-29T08:19:37Z
dc.date.issued2014
dc.description.abstractThis research aims to analyze the effectiveness of Islamic Microfinance in helping the poor in Brunei Darussalam. Based on a qualitative method, this study selected one Islamic Microfinance Institution, which is the Department of Community Development (JAPEM) as its case study. Two types of respondents were interviewed; one JAPEM officer and 15 microfinance participants of JAPEM’s Perkasa Programme. An in-depth interview was conducted to find out whether or not the programme could help lessen the poverty among the participants. The level of effectiveness of Perkasa Programme is measured in terms of the clients’ income, repayment rate and business growth. The finding shows that the institution is not effective in terms of increasing the clients’ income, repayment rate and growth of the clients’ business. The factors that contribute to the clients’ business performance beside the internal factors such as commitment include the size of the loan amount provided and support from the institution. JAPEM lacks in its outreach and sustainability aspects as they only target the economically active poor in one out of four districts, i.e. Brunei-Muara and only managed to get one fully-repaid loan out of 15 clients. This research recommends hands-on-training to the client as well as training for the staff in order to improve the effectiveness of the programme. Group lending is also suggested as a new approach in order to boost the motivation of the client.en_US
dc.identifier.epage58
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage33
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/161
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14470
dc.identifier.volume11
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Researchen_US
dc.sourceOpen Journal Systems
dc.subjectIslamic microfinanceen_US
dc.subjectPoverty alleviationen_US
dc.subjectBrunei Darussalamen_US
dc.titleThe Effectiveness of Islamic Microfinance in Brunei Darussalam: A Case Studyen_US
dc.typeArticleen_US
dspace.entity.typePublication

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