PT Mitra Bisnis Keluarga Ventura

Debt : March 2021

BIO has granted a EUR 15 M loan to PT Mitra Bisnis Keluarga Ventura, an Indonesian non-banking microfinance company.

Amount

€ 15,000,000.00

Type of investment

Debt

Development impacts

Local economic growth
Financial inclusion
Gender

Beneficiary locations

Asia: Indonesia

Investment field

Financial Institutions

Activity

Non-banking financial company

Organisation

PT Mitra Bisnis Keluarga Ventura

Website

https://www.mbk-ventura.com/

Domicile

Indonesia

More investments in

PT Mitra Bisnis Keluarga Ventura

Debt € 4,350,666.00 (2014)

Mitra Bisnis Keluarga (MBK), or “Family Business Partners”, is a regulated MFI and licensed as a non-bank finance company operating in Indonesia. Using the Grameen Bank methodology, MBK provides working capital to low-income and unbanked women mainly in rural areas of Java island, to give them access to formal and cost-effective financial services, reduce their vulnerability, and improve their lives.

Since launching its operations in 2003, MBK has now become one of the largest group-lending MFIs in Indonesia. As of Oct 2019, it has 1.2mn active clients (100% women), of which 75% are below the poverty line.
An original feature of MBK is that women represent 99% of the staff, including all the loan officers and the CEO.

MBK has grown exponentially and counts now 665 branches, 5,693 staff members (of which 99% women), and a loan portfolio of USD 248mn with excellent portfolio quality. MBK is SMART (Client Protection) certified since 2014.

The follow on investment will help MBK to further support its portfolio growth.

Development impacts

Local economic growth
Credit to Micro-entrepreneurs
This is MBK core business under the form of group lending based on the Grameen methodology. The MFI provides loans (USD 300 on average) to women entrepreneurs, mainly for income-generating activities (92%) but also for water and sanitation (5%) and the improvement of business premises (3%).
Financial inclusion
Access to financial services for individuals and micro-enterprises
MBK’s mission is to provide access to formal and cost-effective working capital to significant numbers of low-income women who are un-banked at the moment, particularly in rural areas and small towns, in an honest, fair, timely and efficient manner. In addition, by also providing financing to women who are currently unemployed, MBK aims to create significant self-employment opportunities. MBK targets the bottom 25% of the population by income in Indonesia.
Gender
100% women clients and 100% women loan officers.