Bina Artha has received USD 5 million TFA from FMO

17 Jan 2017

Bina Artha has entered into a Term Facility Agreement for USD 5 million equivalent in Indonesian Rupiah from the Dutch government fund, MASSIF, managed by FMO. The agreement was signed on the 23rd November 2016 and witnessed by her Excellency, Lilianne Ploumen, Minister of Foreign Trade and Development Cooperation for the Netherlands.
This TFA is one important milestones for Bina Artha, as it shows that BAV is a MFI well-recognized by lenders and multilateral institutions. Our partnership with FMO will help us reach our vision and mission in providing access to finance to the underserved micro segment in Indonesia.

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