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Indonesia's Amartha targets jump in loans to female entrepreneurs

Peer-to-peer lender eyes IPO, but CEO suggests 'window' remains closed

Andi Taufan Garuda Putra, founder and CEO of peer-to-peer lender Amartha, has his sights set on helping more female microentrepreneurs in Indonesia get access to credit. (Photo courtesy of Amartha)

JAKARTA -- Peer-to-peer lender Amartha aims to double the amount of loans it channels to women running microbusinesses in rural Indonesia to about 13 trillion rupiah ($894 million) by 2025, the startup's founder told Nikkei Asia in a recent interview.

Amartha runs an online marketplace that channels capital from urban investors to female microentrepreneurs in the form of loans. This allows them to raise working capital for their businesses. The company recently reached its millionth female borrower.

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