Amartha is an Indonesian financial technology company that empowers women in remote villages with access to financial education, working capital and technology.
Incorporated in 2010 as a microfinance institution, Amartha transformed into an online marketplace in 2015 and its unique peer-to-peer (P2P) lending platform now connects 29,000+ micro-entrepreneurs with investors interested in making profitable, impactful investments.
We provide Indonesia’s 68 million micro-business entrepreneurs the ability to participate in the formal economy and contribute to the national GDP, while working with policy-makers to amend regulations for the financial technology industry.
Four in five Indonesians are unbankable and 70% of the most vulnerable population comprise of women. Amartha strives to build an inclusive economy where socially and economically marginalized communities can prosper.
100% in women
Over 50% of micro-entrepreneurs
are less than 40 years old.
Over 60% have not received
elementary school, and less
than 1% hold a degree.
Amartha conducted an impact assessment to measure the social and economic benefit of its financial services have on its active borrowers. The survey, designed to highlight changes in household asset ownership and business performance for borrowers, was administered to 400 participants chosen at random across the regions of Bogor and Bandung. By randomly selecting its survey participants, Amartha minimized selection bias and controlled for variables in geography, industry, age, household size, and income level.
On average, households enjoyed a noticeable increase in access to critical goods that improved their income levels, mobility, health, education and security after leveraging Amartha’s financial services.
Going forward, Amartha will conduct quarterly monitoring and reporting of its borrowers so we can continuously track our impact and tailor our products according to our borrowers’ needs!
Amartha has pioneered the use of a robust credit-scoring model designed specifically for seemingly “unbankable” micro-borrowers. By leveraging psychometric and machine learning technology, Amartha can profile each borrower’s ability and willingness to pay, even if they do not have a previous credit history or any evidence of an income stream.