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Impact investment and financial literacy
Indonesia
2010
Ongoing
Keywords
Access to finance; Micro credit; Education (adult); Entrepreneurialism
Project description
Amartha provides easy access for (unbanked) women in rural areas to receive business funds from urban lenders through financial technology so they can start their own business or expand existing business. Amartha serves micropreneurs in rural areas which are inacessible by financial services. Borrowers are strictly limited to women micropreneurs with funding inquiries starting from Rp1.500.000.
Amartha is a Financial intermediary which bridges micropreneurs with potential lenders online (peer to peer).
Primary thematic area
Secondary thematic areas
Financial services
Business development
Project details
Umbrella programme
Accountable Org(s)
Amartha Mikro Fintek
Funding Org(s)
Australian Department of Foreign Affairs and Trade; Unilever; United Nations Capital Development Fund; World Bank
Implementing/
Partner Org(s)
Amartha Mikro Fintek; Financial Services Authority of Indonesia; PulseLab Jakarta; Melbourne Microfinance Initiative (Melbourne University); ProSehat; Center for Indonesian Medical Students' Activities; Universitas Brawijaya; PermataBank; Gadjah Mada University Center for Digital Society; Essilor 2.5 New Vision Generation
Project contact
Amartha Mikro Fintek, Street Ampera Raya No.16, Jakarta Selatan, Indonesia 12560, Office: +62 21 2271 5353
Funding (USD)
Committed
Spent
$
$
1.89 Trillion (2010 - 2020)
Project website
Amartha 'Meaningful Growth' Social Accountability Report 2019
(https://amartha.com/id_ID/dampak-sosial/)
D-Portal link
Project evaluation
Evaluation source
N/A
Evaluation methodology
Quantitative.
Programme targets
N/A
Results achieved
2019:
437,000 jobs created since 2010
Increase in number of borrowers from 164,738 to 357,661 in the year since 2018
Increase in the number of lenders from 38,531 to 100,215 in the year since 2018
61,000 borrowers participated in health activities and entrepreneurship training sessions during 2019
Targets met?
N/A
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