Growing women-led businesses in Indonesia
๐๐ ๐ฆ๐๐ฒ๐ฝ ๐ถ๐ป๐๐ผ ๐ฎ๐ป๐ ๐๐๐ฟ๐ฒ๐ฒ๐ ๐ถ๐ป ๐๐ป๐ฑ๐ผ๐ป๐ฒ๐๐ถ๐ฎ ๐ฎ๐ป๐ฑ ๐๐ผ๐'๐น๐น ๐ณ๐ถ๐ป๐ฑ ๐ฎ ๐ฌ๐๐ง๐ช๐ฃ๐โa small stall dishing up everything from fragrant ๐ด๐ข๐ต๐ฆ to ๐ฎ๐ช๐ฆ ๐จ๐ฐ๐ณ๐ฆ๐ฏ๐จ, or selling daily essentials. โฌ๏ธ Micro, small, and medium enterprises (MSMEs) like these contribute over 60% to Indonesiaโs GDP and crucially provide employment forย 97% of the total workforce (๐๐ฐ๐ณ๐ญ๐ฅ ๐๐ข๐ฏ๐ฌ)
โ๏ธ Nearly 65% of these MSMEs are run by women, though many still face challenges in accessing fair and affordable financing (๐๐ ๐๐ฐ๐ฎ๐ฆ๐ฏ)
Bina Artha and PT. ESTA DANA VENTURA, two of Abler Nordic's portfolio companies, are working to bridge this gap. On a recent visit, Lone Sรธndergaard and Cheng Zeng, CFA met with women entrepreneurs supported by these institutions.
๐ย ๐๐ป ๐ฆ๐ผ๐๐๐ต ๐ง๐ฎ๐ป๐ด๐ฒ๐ฟ๐ฎ๐ป๐ด, near Jakarta, the team met with customers of Esta Dana Venturaโone of Abler Nordicโs most recent investmentsโwhich serves over 90% women. Through microloans, these women have expanded their ๐ธ๐ข๐ณ๐ถ๐ฏ๐จ๐ด, diversifying their menu offerings and purchasing inventory ๐
๐ ๐๐ป ๐ฆ๐๐ฟ๐ฎ๐ฏ๐ฎ๐๐ฎ, East Java, a visit to Bina Artha highlighted the power of financial literacy. This long-standing client group has cultivated strong saving and budgeting habits, led by a led by a disciplined group leader and supported by Bina Artha. ๐ With Ramadan approaching, the energy was high as women stocked up on ingredients and prepared their stalls for the busy season to come.
We're proud to invest and support these companies empowering women entrepreneurs to scale their businesses and build more resilient futures โจ
