Amartha Bags US$50M Debt Financing to Provide Working Capital to Female Entrepreneurs in Rural Indonesia

Launched in 2010, Amartha provides access to women micro-entrepreneurs in rural areas searching for working capital and combines them together with creditors.

Andi Taufan Garuda Putra, founder and CEO of Amartha, said that girls are essential drivers of a micro-economy that could play a pivotal role in the monetary recovery of Indonesia. By providing access to capital and entrepreneurship education for women, Amartha helps business owners increase their annual income by about seven days.

“We are thankful for the assurance given by Lendable so that women can boost their function in the market, especially in the context of post-pandemic recovery. Indonesian micro-businesses demonstrate strong durability during the pandemic and are promising prospects going ahead,” he added.

More than 22 million women micro-entrepreneurs lack access to banking and financial associations in Indonesia. By embracing its technology with a nationwide push for digital adoption, Amartha claims it can Get to the unbanked and underserved segment of women in rural areas

“Gender lens investment is a very important development goal from the emerging and frontier markets.

“Amartha’s goals really much align with Lendable’s devotion and also our objective of supporting the unbanked and underbanked segments of society by providing debt to fintechs that offer crucial solutions,” he shared.

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