Islamic Microfinance Form to Be Established

A joint venture between Yayasan Restu, a Malaysian organization, and the Cambodian Muslim Development Foundation is set to establish a microfinance institution with $1 million in start-up capital. The institution will allow members of Cambodia’s Myslim community to obtain loans necessary to start small businesses. Othsman Hassan, president of the Cambodian Mslim Development Foundation, discussed the project with visiting Malaysian Defense Minister Ahmad Zahid Hamidi last Friday, though it will be several months before the new institution is up and running, Mr Hassan said on Sunday.