June 4, 2021
Amartha has disbursed more than USD 250 mill and empowered 678,502 women across more than 18,900 villages in Jawa, Sumatra, and Sulawesi. During the pandemic, Amartha has continued to improve and become stronger.
Norfund’s 7.5M USD senior loan to Amartha is an initiative to help them provide microcredit to many more female micropreneurs in the bottom of the pyramid and to promote financial inclusion of the unbanked in Indonesia.
In addition to providing capital, Norfund will provide technical assistance and global expertise assisting Amartha to promote global environmental and social standards.