Benteng Mikro Indonesia (BMI)

Benteng Mikro Indonesia (BMI)

Lending Partner since 2014 • Indonesia
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Fundraising Status:active
Risk Rating:

What to know about this Lending Partner

Impact Category:
General Financial Inclusion
Default Rate:
0.08%
Currency Exchange Loss Rate:
1.32%
Total Loans Raised:
$16,149,430
Loans at Risk Rate:
17.35%
Kiva Borrowers:
43,531
Delinquency Rate:
10.40%
Interests and Fees:
23% APR

Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.


Partner Description:

Benteng Mikro Indonesia (BMI) was founded in 2013 as a Grameen-style microfinance cooperative. Operating around the western half of Java island, BMI primarily targets women entrepreneurs from underserved communities in urban and rural areas and its services are compliant with sharia principles. In addition to financial services, BMI delivers community empowerment programs designed to strengthen resilience and long-term well-being for all members of the cooperative.


A unique lending approach:

BMI offers several different loan products for purposes ranging from financing business activities to improving housing & sanitation conditions and covering educational expenses. In addition to loans, BMI actively encourages its members to build strong saving habits and facilitates this by providing deposit services. Furthermore, BMI’s members can avail of free business training programs which better support them in overcoming challenges.