P2P Lender Amartha Partners with Lendable, Receives $50 Million Commitment to Lend to Women MSEs
February 24, 2021 @ 10:22 pm By JD Alois
PT Amartha Mikro Fintek a peer-to-peer lender that provides access to capital to micro and small entrepreneurs (MSEs). Founded in 2010, Amartha pivoted into a peer-to-peer lending platform in 2016 and is now one of the biggest P2P lenders in Indonesia.
According to Amartha, the lending platform has partnered with
Lendable Inc, including a commitment to fund $50 million in venture capital to Amartha’s Borrowers who are women MSEs in villages of Java, Sumatra, and Sulawesi.
Lendable Inc is the first foreign institution to partner with Amartha but the platform is already working with various national banks, regional development banks, and financial institutions to distribute capital to unbankable segments.