PT BINA ARTHA VENTURA
Status: Approved investmentWhy disclosure?
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Disclaimer
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
PT. Bina Artha Ventura (BAV) is a Venture Capital Company actively engaged in the microfinance sector in Indonesia which started operations in December 2011. The company offers working capital through a flexible version of the Grameen methodology and focuses on women with limited access to the formal financial sector. The company also provides business loans to small enterprises.
What is our funding objective?
The aim of this project is to develop a data warehouse and improved business intelligence in order to improve company performance, but also to improve BAV’s client service and product offerings. As part of its regular business process, CAA-Indonesia collects a wealth of information about clients as well as transaction-level details for each process. To obtain a deeper understanding of patterns and trends in business performance and relate them to client segments, geographical areas and other associated data points, BAV considers it key to create a unified data warehouse along with a reporting platform.
Why do we fund this investment?
BAV is active in Indonesia, which has a high, unmet and latent demand for microfinance, and focuses on female entrepreneurs which means it is closely aligned with the MASSIF priorities. Furthermore, digitisation and fintech offer great opportunities for financial inclusion in terms of increasing FI efficiency, but most importantly in terms of offering new means of reaching and serving financially excluded people and businesses. Experience from the FinForward program and other client engagements shows us that one of the key constraints faced by FIs as they digitize, is a lack of adequate, accurate and structured data. This project addresses this prerequisite to digitisation of BAV.
More investments
| Date | Total FMO financing |
|---|---|
| 11/15/2022 | USD 10.00 MLN |
| 1/25/2022 | USD 5.00 MLN |
- Region
- Asia
- Country
- Indonesia
- Sector
- Financial Institutions
- Effective date
- 7/3/2019
- Total FMO financing
- EUR 0.02 MLN
- Funding
- 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