Two US-based NGOs, Opportunity International and the UPS Foundation, recently partnered to launch the Unstoppable Women Initiative to support female entrepreneurs in underserved communities in Colombia, India, Indonesia and Nigeria. The program includes training, business support and
Search Results for: indonesia
MICROCAPITAL BRIEF: Bababos of Indonesia to Expand Digital Platform for Manufacturing SMEs with $3m in Seed Funding
Bababos, an Indonesian raw material procurement startup, recently raised USD 3 million from Singapore-based East Ventures – the lead investor in the funding round – plus Indonesia-based Patamar Capital and US-based Accion Venture Lab. Bababos helps small and medium-sized enterprises (SMEs) in the
MICROCAPITAL BRIEF: ResponsAbility Invests $40m in Equity in eFishery of Indonesia for Technology Helping Fish, Shrimp Farmers with Feeding, Water Quality, Documenting Sustainable Practices, Market Linkages
Switzerland-based responsAbility Investments recently paid USD 40 million for an equity stake of undisclosed size in eFishery, a company assisting Indonesian fish and shrimp farmers with automatic feeders and mobile apps. The money is sourced from the responsAbility fund Sustainable Food Asia II, which has raised USD 173 million as of 2023.
Founded in 2013, eFishery reports having partnered with 70,000 cultivators, including separate apps for
MICROCAPITAL BRIEF: Semaai Raises Equity from Accion, XA Network, Beenext, Surge for Technology Supporting Farmers, Agricultural MSMEs in Indonesia
Semaai, an Indonesia-based agricultural technology firm, recently obtained bridge funding in an equity raise led by Accion Venture Lab, a unit of US-based nonprofit Accion, and XA Network, a Singapore-based venture capital firm, with ongoing investors Beenext and Surge increasing their exposure to Semaai. Although the amount invested by each party has not been released, the goal
MICROCAPITAL BRIEF: Coop TLM Borrows $1.3m from Grameen Crédit Agricole Foundation for Microfinance in Indonesia
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation has reported disbursing a local-currency loan approximately equivalent to USD 1.3 million to Coop TLM, a nonprofit microfinance institution in Indonesia. Established in 2010 by the Tanaoba Lais Manekat (TLM) Foundation and headquartered in the city of Kota Kupang, Coop TLM seeks
MICROCAPITAL BRIEF: KOMIDA Secures $3m from Grameen Crédit Agricole Foundation for Microfinance for Women in Rural Indonesia
Koperasi Mitra Dhuafa (KOMIDA), a microfinance institution in Indonesia, recently borrowed local currency equivalent to EUR 3 million (USD 3 million) from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. The wholesale loan is to be used to
MICROCAPITAL BRIEF: Incofin Invests $6m in Peer-to-peer Lender Amartha from Inclusive Finance Fund, Microfinance Enhancement Facility (MEF) to Increase Group Lending to Female Entrepreneurs in Rural Indonesia
Amartha, a firm offering peer-to-peer lending and other services in Indonesia, recently gained access to USD 6 million in debt financing from the Belgian impact investing firm Incofin Investment Management in an attempt to boost access to financial services for women entrepreneurs in rural Indonesia. Two thirds of the total invested comes from the Microfinance Enhancement Facility (MEF), and the remainder is sourced from
MICROCAPITAL BRIEF: Indonesia Expands Consumer Protection Regulations for Financial Institutions
Otoritas Jasa Keuangan (OJK), Indonesia’s financial regulator, recently announced a new set of regulations intended to protect customers of financial services providers (FSPs). The regulations apply to
MICROCAPITAL BRIEF: Agents for Impact Disburses $15m in Local Currency from IIV to MBK Ventura of Indonesia for Group Microfinance Loans for Women
Agents for Impact (AFI), a Germany-based impact investing company, recently informed MicroCapital that it has disbursed a local-currency loan equivalent to USD 15 million in favor of Mitra Bisnis Keluarga (MBK) Ventura, a microlender in Indonesia, on behalf Invest in Visions (IIV). Established in 2006, MBK Ventura seeks to raise the living standards of low-income women in rural parts of the island of Java by providing access to group microloans for use as
MICROCAPITAL BRIEF: Logiq Launching “Super App” in Indonesia to Unite Payment, Microloan, Food Delivery, Insurance, Telemedicine Services
Logiq, a US-based technology services provider, recently unveiled plans to launch an as-yet unnamed “super app” in Indonesia to unify several planned new functions along with its existing payment service PayLogiq and food delivery service GoLogiq. Among the future services is a microlending platform, for which
MICROCAPITAL BRIEF: Fairbanc Raises Equity from Accion, ADB, East Ventures, Sampoerna Group to Boost Lending, Payment Systems for MSMEs in Indonesia
Fairbanc, a US-based lender and payment facilitator for micro-, small and medium-sized enterprises (MSMEs) in Indonesia, recently raised pre-Series A equity of
MICROCAPITAL BRIEF: Incofin Loans $2m to Bina Artha for Microfinance, Small Business Loans for Rural Women in Indonesia
Recently, Belgium-based Incofin Investment Management (IM) lent USD 2 million from its Incofin CVSO fund to Bina Artha, a microfinance institution (MFI) in Indonesia. Incofin IM acknowledges that
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Disburses $10m to Microfinance Institutions for On-lending in Indonesia, Myanmar
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently announced it has disbursed loans in local currency to three microfinance institutions (MFIs) active in Indonesia and Myanmar. GCA Foundation loaned the
MICROCAPITAL BRIEF: Amartha Raises $28m in Equity from Mandiri, MDI, UOB, WWB for Credit Scoring, E-commerce, Peer-to-peer Lending for Women Microentrepreneurs in Rural Indonesia
Amartha, a firm offering peer-to-peer lending and other services in Indonesia, recently raised USD 28 million in equity from two previous investors in the firm as well as Indonesia-based Metra Digital Innovation (MDI) Ventures and the Women’s World Banking (WWB) Capital Partners II fund of the US-based nonprofit WWB. The previous investors increasing their stakes are
MICROCAPITAL BRIEF: Grab Offering Insurance, Training People with Disabilities as Mobile Money Agents in Indonesia
Grab, a technology company founded in Singapore, recently partnered with Indonesia’s Communications and Information Ministry and the Indonesian Inclusive Connections Community, an NGO also known as Konekin, to found a program to train disabled people to
MICROCAPITAL BRIEF: Comviva, Logiq Tie Up on Mobile Money in Indonesia
US-based Logiq Incorporated recently launched its PayLogiq digital wallet in Indonesia, using the Mobiquity Pay platform of Comviva Technologies, which is controlled by India’s Mahindra Group. Logiq also leverages Comviva’s Yabx service to lend to merchants and finance their customers’ purchases. Among Logiq’s distribution partners is
MICROCAPITAL BRIEF: Insurtech PasarPolis of Indonesia Raises $5m in Equity from International Finance Corporation (IFC) for Microinsurance
Indonesia-based insurance technology (insurtech) firm PasarPolis recently raised USD 5 million in equity from the International Finance Corporation (IFC), a member of the World Bank Group. The firm plans to use the fresh funds “to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector” during and after the COVID-19 pandemic. The size of the stake
MICROCAPITAL BRIEF: PBU Invests in SEAF Women’s Economic Empowerment Fund (SWEEF), Targeting SMEs in Indonesia, the Philippines, Vietnam
The UN Economic and Social Commission for Asia and the Pacific (ESCAP) and Small Enterprise Assistance Funds (SEAF), a US-based investment manager, recently closed the first round of funding of the SEAF Women’s Economic Empowerment Fund (SWEEF). While the amount of investment has not been disclosed, the Danish pen