MBK Ventura

active

The proposed project represents IFC’s commitment to support its financial inclusion agenda in Indonesia, through its investment in PT Bina Usaha Keluarga (“BUK” or the "Holding Company"), the controlling shareholder of PT. Mitra Bisnis Keluarga Ventura (“MBK” or “the Company”), a venture capital (“VC”) company authorized to provide working capital to its clients, and regulated by the Non-Bank Finance Industry Division of the Indonesian Financial Services Authority, Ministry of Finance. The proposed project will help strengthen and expand MBK’s outreach in serving mainly self-employed women in rural areas. The proposed project is also consistent with both IFC’s Indonesia and financial markets objectives as it strengthens MBK’s ability to continue expanding access to finance to Indonesia’s underserved population.