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www.mbk-ventura.com
UNITUS – MBK VENTURA PARTNERSHIP DETAILS
| End of Partnership Growth Goal: |
240,000 by 2009 |
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| Key Capacity Building Projects: |
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Grants, Management Information Systems, Strategic/Financial Planning, Transformation, Human Resources, and Board Representation/Governance |
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Partnership Grants Committed: |
$170,000 |
OVERVIEW OF MBK VENTURA
Location: Indonesia
Started microfinance operations: MBK Ventura was founded in 2002, commencing field operations in February 2003.
Unitus Partnership Start Date: December 22, 2006
Clients when partnership began: 26,229
Background: MBK Ventura was founded in 2002 and serves clients on the Indonesian island of Java. With an average loan size of $42, MBK focuses on serving the 21 million Indonesian households who make less than 70 cents a day and have no or very limited access to financial services.
Leadership: Dr. Shafiq Dhanani, Chairman and Founder of MBK Ventura
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“We hope that this partnership will bring positive change to the lives of Indonesia’s poor. With the support of Unitus, MBK will be able to offer financial services to thousands more people who would otherwise be unbankable.”
Dr. Shafiq Dhanani, Chairman and Founder of MBK Ventura |
Product Offerings and Clientele: MBK offers one 50 week loan product to poor, entrepreneurial women in rural areas of Java, Indonesia.
Highlights and Growth Strategy: Java (pop. 130 million) has a high concentration of poor people who historically have lacked access to financial services. MBK targets this market by offering small, low-cost loans to micro-entrepreneurs. Using the Grameen and ASA-Bangladesh lending methodologies, MBK plans to reach 240,000 of the working poor with microcredit by 2009, and 500,000 by 2011. MBK’s strong management team, portfolio quality, and transparent business structure will also be key to their continued success.
CURRENT PORTFOLIO STATISTICS
As of November 2007
| Clients added since partnership start date |
Number of Clients |
FY 07 Projection |
| 27,881 |
55,887 |
60,000 |
| Portfolio at Risk >30 days |
Maximum First Loan Size |
Portfolio Outstanding |
| 0.0% |
$55 |
$2,660,732 |
View portfolio statistics from all Unitus MFI partners
MEET AN MBK VENTURA MICRO-ENTREPRENEUR
 Since joining MBK in 2003, Soimi's businesses have rapidly grown and in turn the quality of life for her family has dramatically improved. She has been able to purchase additional sewing machines and invest further in her duck eggs business.
>>> Read Soimi’s full story
Read all the success stories from Indonesia
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