PT Mitra Bisnis Keluarga Ventura
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
Investment field
Financial Institutions
Activity
Non-banking financial company
Organisation
PT Mitra Bisnis Keluarga Ventura
Website
https://www.mbk-ventura.com/Domicile
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.
View more of our investments in this region
Financial Institutions
TerraPay Payment Services
10,000,000.00
Cameroon, Côte d'Ivoire, Kenya, Senegal, Tanzania, Uganda, Bangladesh, India, Philippines, Vietnam
25/03/2024
Debt
