June 2, 2021Indonesia
Indonesian P2P Lender Amartha Secures US$ 28 Million From Women’s World Banking
Amartha, a P2P lending platform in Indonesia, received new funding worth US$ 28 million (IDR 405 billion) led by Women’s World Banking Capital Partners II (WWB), which is the second gender lens investment fund founded by Women’s World Banking and MDI Ventures.
This investment seeks to close the gender gap in financial inclusion by investing in high-performing financial service providers to serve low-income women’s segments, expanding gender diversity in their staff and management teams, and leveraging innovative solutions to increase community outreach and involvement.
Amartha empowers women micro entrepreneurs in rural areas by providing group business capital loans, ranging from IDR 3 million to IDR 10 million, accompanied by financial education and business training.
