PT BINA ARTHA VENTURA (FMO-49998)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 18, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
PT Bina Artha Ventura
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Oct 13, 2018


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Project Description

According to FMO website, Bina Artha fulfils a role in providing finance to the underserved microsegments of Indonesia by providing group loans and individual lending to micro and small enterprises. FMO's financing will support further growth of the company's loan portfolio.

MFI's play a pivotal role promoting economic growth of the base of the pyramid by providing finance to micro and small entrepreneurs. PT Bina Artha Ventura is a growing MFI in a Lower Middle Income Country where financing of small entrepreneurs has a tremendous development impact. The financing will have a positive contribution to at least three of the UN Sustainable Development Goals: SDG 1 (no poverty), SDG 5 ( gender equality) and SDG 8 (decent work and economic growth).

Investment Description
  • Netherlands Development Finance Company (FMO)

PT Bina Artha Ventura is a Venture Capital Company actively engaged in the microfinance sector in Indonesia. It is a strong, transparent and professional managed MFI that gained sizeable market share in its four years of existence supported by CreditAccess Asia, a solid and well-funded group in the Netherlands.

Private Actors

PT Bina Artha Ventura is a Venture Capital Company actively engaged in the microfinance sector in Indonesia. It is a strong, transparent and professional managed MFI that gained sizeable market share in its four years of existence supported by CreditAccess Asia, a solid and well-funded group in the Netherlands.

Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism