Status: Approved investment
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Why disclosure?

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

Founded in 2011 by Mr. Surya Effendy and his son Henry Surya, IIF is a multi-finance company offering loans to SMEs and individuals in Indonesia. IIF is the financing arm of the group that in the past 30 years has provided financial products and services in asset management, securities brokerage, life insurance, saving & loan credit union and rural banking industries.

What is our funding objective?

FMO is following Proparco in this facility. The facility is supporting Indosurya to grow their SME loan portfolio and contribute to lengthening the maturity of the company's funding.

Why do we fund this investment?

Our facility enables IIF to grow their SME loan book, which consequently facilitates FMO’s contribution to job creation and economic growth. This also offers potential value add for FMO and Proparco to enhance IIF's E&S standards, which was already initiated by other DFIs.

What is the Environmental and Social categorization rationale?

This is an E&S B client based, on the nature (SME) of the portfolio. The company does not have exposure to activities on FMO’s exclusion list or IFC-PS triggered transactions. ESMS is in place.

Financial Institutions
Publication date
Effective date
Total FMO financing
EUR 20.00 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)