Amartha’s business co-op for unbanked entrepreneurs has pivoted into Indonesia’s fastest-growing P2P lending fintech for women, with over 800% growth in loans issued.
Why
Microfinance needed
Banks reluctant to lend without evidence of collateral, credit history and stable income sources.
Benefits to communities
Unbanked locals need funds to start businesses to improve livelihood and quality of life.
Market
$165bn
The size of the financing gap in Indonesia according to a 2020 estimate by the Financial Services Authority. It represents difficulties of individuals and businesses in obtaining loans.
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