Microfinance and digital financial services to female entrepreneurs in rural Indonesia

June 4, 2021

Amartha, Indonesia’s major peer-to-peer fintech company that focuses on women empowerment, starts collaboration with Norfund by providing capital to digitize micro-economies across Indonesia.

Signing ceremony at the Norwegian embassy in Indonesia .

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.