February 25

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

Tun Yong Yap

Amartha, an Indonesian P2P lending platform focused on women micro-entrepreneurs, announced today it has secured a US$50 million debt financing from US-based Lendable.

Founded in 2010, Amartha provides access to women micro-entrepreneurs in rural areas seeking working capital and connects them with lenders. The company claims it has channelled funding of IDR 3.13 trillion (US$222,000) to over 600,000 women micro-entrepreneurs in Java, Sumatra and Sulawesi.

Photo courtesy of pisauikan.

Source: e27 (link opens in a new window)

financial inclusion, rural development