Overview:
Bank Andara provides financial products and services to microfinance institutions (MFIs) in Indonesia.

Description:
Bank Andara provides loans to microfinance institutions (MFIs) in Indonesia. Founding investors include MercyCorps, International Finance Corporation (IFC), the Hivos-Triodos Fund, Cordaid, and Mr. I. Wayan Gatha.

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/bank-andara

Organization’s Website:
http://www.bankandara.co.id/

Just the Facts:
Country of Incorporation: Indonesia
Year Founded: 2008
Fund Assets (as of day/month/year): IDR 231 billion (USD 24.5 million as of 31/December/2008)
Fund Assets allocated to MFI investment (as of day/month/year): IDR 60.8 billion (USD 6.5 million as of 31/December/2008)
Area of Operation: Indonesia
Participant(s)/Backer(s)/Investor(s): MercyCorps, International Finance Corporation (IFC), Hivos-Triodos Fund, Cordaid, Mr. I. Wayan Gatha
Instruments: Loans and Debt Securities
Investment Horizon: 5 years
Fund Currency: IDR

Contact Information:
Jl. WR Supratman, No. 27X
Denpasar 80236, Indonesia

Tel. : +62 361 227 721 4
Fax : +62 361 236 712
Email : corporatesecretary@bankandara.co.id

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Additional Resources:
Latest News from Bank Andara
http://www.bankandara.co.id/newscat.html,andara

Indonesian Wholesale Microfinance Bank Andara is Officially Launched after $5m Investment from Mercy Corps, International Finance Corporation (IFC), Hivos-Triodos Fund (HTF), and CORDAID (April 2009)
http://www.microcapital.org/microcapital-story-indonesian-wholesale-micr…

Link to Microcapital Universe wiki page
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Bank+Andara

Authored by Kenny Kline, Research Associate