Esta Dana Ventura
Status: Investment in contracting phaseWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
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 prospective customer?
Our customer is Esta Dana Ventura (“EDV”), a microfinance institution based in Indonesia, offering solely productive micro loans. It operates 218 branches and has more than 300,000 customers.
What is our funding objective?
Our funding objective is to provide a senior loan which will be used to grow the loan book of EDV. EDV’s client base consists mainly of female entrepreneurs throughout Indonesia.
Why do we want to fund this investment?
Supporting inclusive businesses is aligned with FMO’s commitment on reducing inequalities. Further, FMO’s loan will contribute to diversifying the client’s liquidity profile for prudent asset liability management.
What is the Environmental and Social categorization rationale?
The investment is E&S C-risk category given the business nature and loan size with the average ticket of USD 300. EDV does not have any exposure to activities on FMO’s exclusion list, or project finance, or IFC Performance Standard triggered transactions. In terms of Client Protection risk, FMO attaches great importance to the protection of end customers. It is noted that EDV is a responsible microfinance institution with a strong social mission and is in the process of getting SPTF-Cerise certified.
More investments
| Date | Total FMO financing |
|---|---|
| 3/6/2024 | USD 5.30 MLN |
- Website customer/investment
- https://www.estadanaventura.co.id/
- Region
- Asia
- Country
- Indonesia
- Sector
- Financial Institutions
- Publication date
- 1/22/2024
- Deadline for feedback
- 2/21/2024
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
-
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