Business, Management and Accounting
5 years ago

Islamic microfinance empowers slum communities, breaks poverty cycle in Makassar.

JURNAL HUKUM EKONOMI SYARIAH
Potential Contribution of Sharia Micro Financing on Poverty Reduction in Slum Communities in Makassar
Hurriah Ali Hasan, Saidin Mansyur

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The article discusses how Islamic microfinance can help reduce poverty in slum communities in Makassar. The researchers interviewed people living in slums who want access to financial institutions but currently do not have it. They also spoke with Islamic microfinance institutions, which offer many financing programs for the poor. The study shows that providing capital through Islamic microfinance can help poor individuals start their own businesses and break the cycle of poverty.