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DealStreetAsia

Indonesia startup bags $50m for lending to rural women

Amartha to use funds from US-based Lendable to encourage micro entrepreneurs

Andi Taufan Garuda Putra, founder and CEO of Amartha, says women are the drivers of Indonesian micro economy.   © Reuters

KUALA LUMPUR -- Indonesian lender Amartha has secured $50 million from U.S.-based Lendable that it will use in its mission to give more women in emerging economies access to financing.

The $50 million facility is targeted at micro entrepreneurs in rural areas who intend to develop or start businesses, according to a statement. It is also meant to encourage a post-pandemic economic recovery.

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