PT MITRA BISNIS KELUARGA VENTURA
Status: Completed 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
MBK Ventura 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 USD 33 mln. MBK has 1,400 employees, of which the field staff consists of women only.
What is our funding objective?
FMO provided an unsecured senior debt facility of USD 5 mln with a tenor of 4 years. The funds will be utilized to finance the growth of the microfinance portfolio in rural areas of Java.
Why do we fund this investment?
MBK is the first microfinance institution (MFI) in Indonesia to be financed by FMO. Our funding is utilized by MBK to provide very small working capital (on average only USD 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 provided to women only. As part of our non-financial services, FMO introduced MBK to the Smart Campaign’s Client Protection Principles, which educate borrowers in order to prevent over-indebtedness, among other things.
- Website customer/investment
- http://www.mbk-ventura.com
- Region
- Asia
- Country
- Indonesia
- Sector
- Financial Institutions
- Effective date
- 4/5/2012
- End date
- 3/2/2017
- Total FMO financing
- USD 5.00 MLN
- Funding
- MASSIF
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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