Timor-Leste’s Prime Minister Ramos-Horta Lauds USAID-Supported MFI
Timor-Leste Prime Minister Doctor Jose Ramos-Horta early this week lauded Moris Rasik, a microfinance institution supported by USAID that has established itself as the sector's leader in delivering diverse credit products to the country’s poor. In a press release, the Prime Minister said: “The provision of microcredit services is an important contribution towards alleviating poverty and my Government wants more of our poor to have access to these programs.” Currently, Moris Rasik provides $1.12 million in loans to 7,646 people and reaches more than 20 percent of the country's poor and rural households.

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