PT Mitra Bisnis Keluarga Ventura

Debt : December 2014

BIO has granted a USD 6 M loan to PT Mitra Bisnis Keluarga Ventura, an Indonesian non-banking microfinance company.

Amount

€ 4,350,666.00

Type of investment

Debt

Development impacts

Local economic growth
Financial inclusion
Food security & rural development
Gender

Beneficiary locations

Asia: Indonesia

Investment field

Financial Institutions

Activity

Non-banking financial company

Organisation

PT Mitra Bisnis Keluarga Ventura

Website

https://www.mbk-ventura.com/

Domicile

Indonesia

More investments in

PT Mitra Bisnis Keluarga Ventura

Debt € 15,000,000.00 (2021)

Mitra Bisnis Keluarga (MBK), or “Family Business Partners”, is a regulated MFI and licensed as a non-bank finance company operating in Indonesia. Using the Grameen Bank methodology, MBK provides working capital to low-income and unbanked women mainly in rural areas of Java island, to give them access to formal and cost-effective financial services, reduce their vulnerability, and improve their lives.
Since launching its operations in 2003, MBK has now become one of the largest group-lending MFIs in Indonesia.
In 2015, MBK had about 580,000 clients (100% women), of which 75% are below the poverty line.
In 2019, the number of clients more than doubled to 1.2 million and its portfolio tripled in size.
An original feature of MBK is that women represent 99% of the staff, including all the loan officers and the CEO. Between 2015 and 2019, MBK hired about 700 additional staff per year on average. MBK is SMART (Client Protection) certified since 2014.
BIO’s investment - in syndication with FMO - would support MBK in further growing their portfolio. The loan will be denominated in local currency, protecting the institution and their clients against currency risk.

Development impacts

Local economic growth
Credit provision to MSMEs
Financial inclusion
Mainly micro and small loans: average USD140

Focus on women entrepreneurs
Food security & rural development
MBK is a leader in the microfinance rural sector where there is a large unmet demand for rural credit facilities due to the lack of interest of main banks in this sector.
Gender
The company mostly employs women (inc. CEO).

100% of clients are women.