FMO proposes a 5-year USD 10M loan (in local currency) to further grow BAVs loan portfolio.
Established in 2011, PT Bina Artha Ventura (BAV) is a subsidiary of Credit Access South East Asia (CA-SEA), a group based in Amsterdam with investments in microfinance institutions in Southeast Asia (Indonesia and Philippines). BAV strives to become the preferred business partner for Asian households lacking access to formal credit, enriching their lives by providing convenient and reliable solutions, and by matching their evolving needs. They specifically target female micro-entrepreneurs in Java and Sulawesi and are the 6th largest MFI in terms of market share reaching 442k clients via 396 branches. BAV provides micro (Group Lending methodology) and small business (Individual Lending methodology) loans. The former is their main lending activity representing less than 75% of total loans.