PT Mitra Bisnis Keluarga Ventura (MBK) obtained its Venture Capital operating license by from the Indonesian Financial Services Authority (FSA), in November 2006. It is in possession of the following legal documents and licenses:
1. Articles of Association (‘Akte Pendirian Perusahan’), Ministry of Justice and Human Rights
2. Amendment to Articles of Association to conform with New Company Act No. 40/2007
3. Operating License (‘Izin Usaha Modal Ventura’), Financial Services Authority (FSA) or OJK
4. Tax Registration (‘NPWP’), Tax Office.
As a non-bank finance company, MBK is not allowed to collect savings from its clients or from the public. As a venture capital company, it operates on a profit-sharing basis, taking risks in providing working capital to micro- and small businesses without collateral, and sharing in their profits using a pre-agreed profit sharing arrangement with its clients.