JAKARTA. Investree announced a partnership with Gramindo Berkah Madani, a savings and loan cooperative that focuses on super-micro financing.
Adrian Gunadi, Co-Founder & CEO of Investree, said that] his company is focusing on working with an ecosystem of partners who have unique businesses. "Through this collaboration with Gramindo, we will show how lending fintech can greatly support the businesses of women with super-micro businesses who do not have access to banks," said Gunadi in a press release received by idnfinancials.com.
In the collaboration, Investree will distribute business loans for retail / individual women who have super-micro businesses, with an average turnover of IDR 5-10 million per month. Later, the owners of those super-micro businesses will form groups and apply the principle of "joint responsibility" to anticipate non-performing loans.
Funds disbursed came from Investree lenders. Then, Investree and Gramindo will verify and analyze risks before providing loans. The maximum value of credit that can be distributed is IDR 20 million, with a maximum tenor of 12 months.
For the record, as of September 2020, Investree has disbursed IDR 5 trillion worth of credit. Investree's average rate of return is 16.9% per year and an average 90-day payback success rate (TKB90) of 99%. (KR/AR)