Project detail - PT MITRA BISNIS KELUARGA VENTURA

PT MITRA BISNIS KELUARGA VENTURA

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Who is our client

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.

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 we fund this project

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
4/25/2017 USD 15.00 MLN
Website client
http://www.mbk-ventura.com
Region
Asia
Country
Indonesia
Sector
Financial Institutions
Signing date
12/16/2014
Total FMO financing
USD 7.50 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