Project detail - PT MITRA BISNIS KELUARGA VENTURA

PT MITRA BISNIS KELUARGA VENTURA

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Who is our client

MBK Ventura is a non-banking financing company that provides Grameen-model microfinance loans to low-income households in Indonesia. Currently, MBK reaches more than 330,000 clients (all female) with a loan portfolio of USD 33 mln. MBK has 1,400 employees, of which the field staff consists of women only.

Funding objective

FMO provided an unsecured senior debt facility of USD 5 mln with a tenor of 4 years. The funds will be utilized to finance the growth of the microfinance portfolio in rural areas of Java.

Why we fund this project

MBK is the first microfinance institution (MFI) in Indonesia to be financed by FMO. Our funding is utilized by MBK to provide very small working capital (on average only USD 200 per client) to the bottom 25% of the population in Indonesia (by income), with the intention of stimulating the development of small business This working capital is provided to women only. As part of our non-financial services, FMO introduced MBK to the Smart Campaign’s Client Protection Principles, which educate borrowers in order to prevent over-indebtedness, among other things.

Website client
http://www.mbk-ventura.com
Region
Asia
Country
Indonesia
Sector
Financial Institutions
Signing date
4/5/2012
Total FMO financing
USD 5.00 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C