“PT Mitra Bisnis Keluarga” (MBK), or “Family Business Partners”, is a microfinance institution (MFI) regulated by the Indonesian Financial Services Authority (FSA), and licensed as a non-bank finance company. Using the Grameen Bank methodology, MBK provides working capital to low-income women to provide them formal and cost-effective financial services (financial inclusion), to reduce their vulnerability, and improve their lives. MBK’s objective is to contribute to the government’s Sustainable Development Goals, particularly in fighting poverty and empowering women.

MBK launched its operations in 2003, and is the third largest Grameen Bank replicator in Indonesia serving nearly 1.5 million low-income women, after the state-owned company PNM Mekaar with 11 million clients, and the privately-owned commercial bank BTPN Sharia with 4 million clients. MBK is the largest private, non-bank finance institution implementing the Grameen Bank business model in Indonesia. MBK estimates that 75 percent of its clients are below the national per capita minimum wage. The average financing per client amounts to 10 percent of the national Gross National Income (GNI) per capita.

Total Clients

Total Clients with Financing

% Women

% Estimated clients below poverty line

Employees (99% women)

Branches

Gross portfolio outstanding (IDR billion)

Gross portfolio outstanding (US$ million)

Non- performing finance > 90 days (OJK measure)

Average ticket size (IDR million)

Average ticket size (US$)

Outstanding financing size per client (IDR million)

Outstanding financing size per client (US$)

Outstanding client financing as % GNI per capita

Non-performing financing (PAR > 30 days)

Return on Investment (yt, yt-1)

31 July 2022

1,532,727

1,520,919

100%

75%

6,338

821

5,270

354.6

0.4%

5.245

352

3.466

233

10%

0.6%

34%

Latest Ratings & Certificates

PEFINDO Credit Rating Agency (December 2021): (id)BBB+/outlook stable

Fitch Rating (May 2018): BBB+ (idn)/outlook stable

Social Performance (Planet Rating 2014): 4-

Client Protection Certificate (Cerise and SPTF Team, April 2022): Certification level: Gold


Awards

MIX Market Ranking (CGAP / World Bank)

2009 : #1 out of 1,600 MFIs in the world

2008 : #1 out of 1,300 MFIs in the world

2007 : #25 out of 1,100 MFIs in the world

Other

2008 : Grameen Foundation Excellence Award

2008 : Unitus Inc. Achievement Award

2007 : Ernst & Young Finalist, Social Entrepreneur Indonesia