Overview:
PT BINA INSAN SEJAHTERA MANDIRI (BISMA) provides financial services and technical assistance to microfinance institutions (MFIs).

Description:
BISMA provides time deposits and loans to microfinance institutions (MFIs), which are retail micro-lenders. BISMA also provides technical assistance to MFIs, including institutional assessment study, incubation services, training on thematic technical issues, and consultancy. BISMA is a private company, founded in 2002 by Mr. Robert Purba.

Microfinance Information Exchange (MIX):
http://www.mixmarket.org/funders/bisma

Organization’s Website:
http://www.bisma.co.id/bisma/home/index.php?aria=activities?=en

Just the Facts:
Country of Incorporation: Indonesia
Legal Status: Notarial Deed No. 4
Year Founded: 2002
Fund Assets (as of day/month/year): USD 1.9 million (as of 31/December/2008)?
Assets Committed to MFIs (as of day/month/year): USD 1.1 million (as of 31/December2008)
Area of Operation: Indonesia
Number of MFI investments (as of day/month/year): 48 (as of 31/December/2008)
Participant(s)/Backer(s)/Investor(s): CARE, Citi Foundation, BWTP Network, Perbarindo, Consultant for Syariah Cooperative, Human Excellence, PT. Global Innovation Consulting
Currency: IDR
Instrument Type: Loans and Debt Securities, Grants, Technical Assistance
Investment Horizon: 12 months (loans and debt securities) 6 months (grants)
Fund Commissioner: Sihol P. Aritonang

Contact Information
JI. Mampang Prapatan VIII No. 13/2
Jakarta Selatan 12790
Indonesia
Telephone: (021) 7996470
Fax: (021) 7995722
Email: bisma@centrin.net.id

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Additional Resources:
News about BISMA from BISMA
http://www.bisma.co.id/bisma/home/index.php?aria=newsarticle?=en

BISMA Downloads
http://www.bisma.co.id/bisma/home/index.php?aria=download?=en

Manulife Care Foundation launches micro financing program of IDR 1 Million for Small and Medium Enterprises in Nanggroe Aceh Darussalam (March 2009)
http://www.manulife.com/public/news/detail/0,,lang=en&artId=144730&navId…

Authored by Kenny Kline, Research Associate