Indonesia Startup Bags $50M for Lending to Rural Women

Source: Nikkei Asia

Indonesian lender Amartha has secured $50 million from U.S.-based Lendable that it will use in its mission to give more women in emerging economies access to financing.

The $50 million facility is targeted at micro entrepreneurs in rural areas who intend to develop or start businesses, according to a statement. It is also meant to encourage a post-pandemic economic recovery.