IFC Will Provide 379 Billion Rupiah "Debt Funding" to Amartha

Startups p2p loans Amartha will reportedly obtain a loan facility (debt funding) from the International Finance Corporation (IFC). The amount that Amartha obtained in the agreement was $ 25 million (more than 379 billion Rupiah) and opened additional funds with its partners with commitments of up to $ 150 million.

Quote from IFC website, submitted that this proposed investment is a senior stage asset-backed security (senior tranches of asset backed securities) which will be formed to collect loan receivables, will later be used to improve access to finance for micro-entrepreneurs, especially women entrepreneurs.

Until this article was published, Amartha's Co-Founder & CEO Andi Taufan Garuda Putra had not yet provided a response.