The effectiveness of Tekun Project towards the entrepreneurs in Kota Samarahan, Sarawak / Fadzrina Anizan Misli & Nor Fazreen Mohamad Eddie

Micro-credit is the process of lending capital to poor people in order for them to invest in self-employment. Professor Muhammad Yunus experiments in Bangladesh with the poor through the simple act of trust in lending without collateral and minimal conditions have demonstrated that the poor are thrustworthy and reliable. Yunus is regarded as the father of micro-credit and there are currently many efficiently run Grameen replications around the world. There has been much expansion in the past 20 years in Asia in this respect. In Malaysia too the number of non-governmental organizations (NGOs) provide financial services to the poor and low income earners. It has six micro-finance programs are identified, namely Amanah Ikhtiar Malaysia (AIM), Yayasan Usaha Maju (YUM), Koperasi Kredit Rakyat (KKP), Partners in Enterprise Malaysia (PIE) and Project TEKUN (PT).