Zqardh Program Prepares Strategies to Increase Capital/Assets and legality
Zqardh program is formulating a strategy to increase business capital up to IDR 100 million through a bank loan or CCR. All activities must be ready to be audited and strive to remain transparent under the supervision of the management. The Zqardsh also targets to increase the number of members and open investment opportunities for non-members according to the vision and mission.
In addition, the Zqardh program, which currently does not have an official administrator, is being directed to have its own legality in order to be able to manage larger capital. The legal status of Zqardh under the partner will also be developed into Sharia Microfinance Institutions (LKMS) or Sharia Microfinance Services (JKMS). With asset management of IDR 100 million, the cooperative targets a net income of IDR 10 million per month and a profit of around IDR 30 million in 16 months.