Loan of €2.6M *
(equivalent in local currency)
(7 loans granted)
*Outstanding amount at grant valuePartner website
Indonesia has a market economy in which the government is heavily involved. There are more than 164 state-owned enterprises and the government controls the prices of several commodities such as oil, rice and electricity. Indonesia has many assets with extensive areas of agriculture, forestry and fisheries.
KOMIDA is a Tier 2 microfinance institution that was established in 2004 as a foundation to provide financial assistance in the form of savings and loans, non financial services (health training), motivating education for members’ children, family financial management and quality services to members.
KOMIDA started providing microcredit in 2005 to the tsunami- affected population in Banda Aceh province. The institution was transformed into a savings and loan cooperative in 2008. It is geared exclusively to women.