Bank Andara

BankingJakarta, Indonesia51-200 Employees

VISION:
To serve as catalyst to reach millions of Indonesians that lack access to the financial sector by providing financial products and services through financial institutions as well as through direct means.

MISSION:
Provide access to wide-ranging financial services directly or through financial or non-financial institutions in a sustainable and accountable manner.

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Bank Andara was founded in 2009 by shareholders who are known to have strong commitment to develop micro-economic sector in Indonesia in order to alleviate poverty. Currently the Bank's shareholders are: Mercy Corps, International Finance Corporation (IFC), KfW, Hivos-Triodos Fund (HTF), Developing World Market Fund SCA - SICAV SIF (DWM), and I Wayan Gatha. Bank Andara has cooperated with about 800 microfinance institutions (MFIs) which have reached 1.2 million people throughout Indonesia. 

As a licensed commercial bank, Bank Andara provides a range of flexible and long-term financing instrument as well as technology-based innovative products. MFIs that have partnership with Bank Andara have access to affordable, flexible and long-term sources of capital that can be used to support their business sustainable growth as well as their clients’. 

Bank Andara business model provides a more efficient capital turnover and better mechanisms for the distribution of banking products and services are sustainable, innovative, and accessible for low-income people in Indonesia through MFIs. In the end, this will help to boost economic growth and reduce poverty.

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