Status: Completed investment
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FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Mitra Bisnis Keluarga Ventura (MBK) 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 US$33 million. MBK has 1,400 employees, of which the field staff consists of women only. MBK is the first microfinance institution in Indonesia financed by FMO.

What is our funding objective?

FMO provided an unsecured senior A/B syndicated loan facility amounting to US$13.5 million, with a tenor of 5 years. The syndication comprises US$7.5 million from FMO and US$6 million from BIO. The funds will be utilized to finance the growth of the microfinance portfolio in rural areas of Java.

Why do we fund this investment?

FMO's loan will provide for very small working capital (on average only US$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 offered to women only. As part of FMO's non-financial services, MBK has been introduced to the Smart Campaign’s Client Protection Principles (CPP), which educate borrowers in order to prevent over-indebtedness, among other things. In December 2014, MBK was awarded with the CPP Certification from the Smart Campaign.

More investments

Date Total FMO financing
4/29/2022 USD 15.00 MLN
Website customer/investment
Financial Institutions
Effective date
End date
Total FMO financing
USD 7.50 MLN
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)