Why We Invested: BIDUK
Sprout Enterprise®, through its R.I.S.E. Artisan Fund, has invested in BIDUK, a prototype debt fund supplying capital to small and growing businesses (SGBs) in Indonesia. BIDUK (Berinvestasti Dalam Usaha untuk Kemajuan, or Investing in Business for Progress) delivers lending products that are custom-tailored to meet the specific capital requirements of SGBs, using cash-flow based lending.
SGBs in Indonesia, particularly those in the creative economy, tend to have few assets to pledge and cash flow patterns that make them ineligible for the conventional loans and investments that are necessary to help them grow into healthy sustainable businesses.
The debt investment in BIDUK, intended to build linkages between artisans and markets, will be used in its entirety to fund short term loans to early stage enterprises in the creative economy. It will be Sprout Enterprise’s first initiative in Indonesia.
With a focus on gender lens financing and sustainable development goals, our investment in BIDUK will support the capital needs of growing artisan and creative manufacturing enterprises that are owned and led by women, and are creating livelihoods for women in Indonesia.
To learn more about BIDUK, please see bidukindonesia.com and contact Ramona Ridolfi, Program Manager, at rridolfi@bidukindonesia.com.
Sprout Enterprise Invests in BIDUK and the Creative Economy in Indonesia, March 4, 2021
Photo by Daniel Marantika, taken on location at BIDUK lendee Ecodoe. (c) 2021 BIDUK
