Original disclosure @ IFC website
Updated in EWS May 11, 2022
Disclosed by Bank Dec 13, 2021
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According to the bank's website, "the proposed project consists of an equity investment by IFC of up to US$5 million in Windy Hill Pte. Limited, operating two Indonesian subsidiaries under the brand name “AwanTunai” (the “Company”). The Company is a supply chain-focused digitization platform with embedded inventory finance operating in the Fast-Moving Consumer Goods (FMCG) sector across Indonesia. AwanTunai aims to digitize underserved MSMEs through their end-to-end supply chain software solutions and provides embedded inventory financing to merchants and wholesalers on its platform".
IFC anticipates that the Project will promote increased access to credit as well as enterprise management solutions amongst MSMEs in Indonesia. The Project will support AwanTunai to increase the breadth of its business solutions product offerings as well as in increasing its lending operations to both wholesalers and merchants.
IFC also anticipates that the Project will promote inclusiveness in the financial sector in Indonesia by demonstrating the viability of AwanTunai's business model to provide access to credit to underserved micro and small enterprises.
Mr. Dino Setiawan
Chief Executive Officer, Windy Hill Pte. Limited
25 North Bridge Road #07-00Singapore 179104
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