Fundraising Status:closed
Risk Rating:
What to know about this Lending Partner
Impact Category:
General Financial Inclusion
Default Rate:
0%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$74,925
Loans at Risk Rate:
0%
Kiva Borrowers:
796
Delinquency Rate:
0%
Interests and Fees:
N/A
“Mitra Bisnis Keluarga” (MBK) stands for “Family Business Partners”. MBK is a non-bank financial company (NBFC), regulated by the Ministry of Finance and with a venture capital license issued in November 2006. Using the classic Grameen Bank methodology, MBK provides working capital to low-income households in Indonesia in order to raise their family incomes and living standards.
MBK took over the microfinance activities of Ganesha Microfinance Foundation, which operated from 2003 to 2006. During this period Ganesha reached a total of just under 30,000 clients through a network of 15 branches in two rural districts close to Jakarta (Kabupaten Tangerang and Kabupaten Bogor). MBK has been a proud partner of Unitus since December 2006