This research is a type of qualitative
descriptive study, conducted at BWMs in West Sumatra, Yogyakarta, Central Java and East Java. Data
collection techniques are done by interview, observations and documentation data. The results show
that BWM is a Sharia Microfinance Institution (LKMS) incorporated as a cooperative. The
empowerment model carried out by BWM is to provide financing and assistance to poor but potentially
productive market segments located around the vicinity of Islamic boarding schools. Distribution of
funding follows a group pattern with a joint responsibility scheme. In its journey, BWM has shown its
role in community economic empowerment through providing training to prospective customers, then
channeling financing to those who pass the group feasibility test. They also provide further assistance
to these customers through weekly learning circles (halaqah) activities.
Keywords: Bank Wakaf Mikro; Islamic microfinance institutions; Cooperatives; Empowerment;
Assistance