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Shareholders.

 

Joining the founder of BSP, I Wayan Gatha, is an investor group led by Mercy Corps, all of which share the same objective to realize poverty alleviation goals through the sustainable operations of a wholesale banking institution supporting the Indonesian microfinance industry. Mercy Corps’ experience with microfinance in Indonesia has culminated in the vision to establish Bank Andara to serve as a strategic banking partner to the Indonesian microfinance sector, providing responsive and innovative financial products and services to MFIs in order to significantly improve their performance and outreach. The members of the shareholder group bring strong technical abilities and experience to the venture which will be utilized to guide and ensure the success of Bank Andara.

 


 

Mercy Corps. Established in 1979, Mercy Corps is a non-profit international non-governmental organization (INGO) headquartered in the United States which since its founding has provided $1.7 billion in international relief assistance and development programming to 107 countries around the world. Supported by offices in North America, Europe, and Asia, current unified global programs employ more than 3,700 staff worldwide and reach more than 14.5 million people in more than 40 countries. As one of its many areas of assistance, Mercy Corps has accumulated over 20 years experience in the field of commercially-oriented microfinance. Mercy Corps has developed microfinance institutions, including commercial banks and multi-finance companies, in 16 developing countries around the world.

Mercy Corps’ Indonesia program was established in 1999, and currently employs nearly 300 staff working out of five field offices. As part of its assistance in Indonesia, Mercy Corps has supported the microfinance sector in Indonesia for nearly nine years providing technical assistance and funding to hundreds of MFIs.

In early 2005, Mercy Corps teamed with the IFC to launch the ‘Microfinance Commercial Linkages Pilot Project’ which sought to link creditworthy MFIs to commercial sources of financing. The pilot included the development of a low-cost rating tool for Indonesian MFIs, facilitation of linkages with commercial banks, loan guarantees and technical assistance. In early 2006, Mercy Corps institutionalized this pilot by establishing the Microfinance Innovation Center for Resources and Alternatives (MICRA).

Integrated approach: Through the establishment of Bank Andara and MICRA, Mercy Corps has introduced an integrated approach to promote the development of the microfinance sector in Indonesia via both direct and indirect support to MFIs.

 

International Finance Corporation (IFC), a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. In FY09, IFC committed $10.5 billion and mobilized an additional $3.9 billion through syndications and structured finance for 447 investments in 103 developing countries. IFC also provided advisory services in 97 countries. Locally, investments are supported by IFC-PENSA Advisory Services in Indonesia which is a multi-donor initiative operating out of offices in Jakarta, Denpasar, Makassar and Aceh, with a mandate to improve the business enabling environment, to increase access to financial services and to improve the performance of selected supply chains. IFC plans to assist in the development of Bank Andara with both equity participation and the provision of technical assistance to strengthen governance and human resources development.

 

The Hivos-Triodos Fund , founded in 1994, is a joint initiative of Hivos and Triodos Bank. Triodos Bank is the leading values-driven bank in Europe with total portfolio at 31 December 2008 at EUR 43.6 million. The bank is a pioneering force in the world of sustainable banking and is well known for its innovative and transparent approach to banking. Hivos is a non-governmental organization, rooted in the Netherlands and guided by humanist values to contribute to a free, fair and sustainable world. Hivos’ network embraces 31 countries and the organization has a regional office in Indonesia. Hivos-Triodos Fund is one of the three microfinance funds under management of Triodos Investment Management, which is a 100% subsidiary of Triodos Bank.

 


 

KfW Bankengruppe. KfW is a promotional bank of the Federal Republic of Germany, which was founded in 1948 by the funds from the Marshall Plan. Their majority shareholders are Federal republic of Germany (80%) and German Federal States (20%). KfW gives impulses for the economy, society and ecology in Germany, Europe and the world over. It supports change and promotes promising ideas around the world. Currently, they have around 50 offices and representations worldwide with commitment volume attains on 2007 is EUR 4.2 Billion, the highest since the start of business.

 

Cordaid combines more than 90 years’ experience and expertise in structural poverty eradication and development. Based in the Netherlands, Cordaid, the Catholic Organization for Relief and Development Aid, is one of the world’s largest international development organizations, with an annual budget of more than EUR 170 million and a network of almost a thousand partner organizations in 36 countries in Africa, Asia, Central and Eastern and Latin America. Cordaid has a strong track record financing and supporting the microfinance sector worldwide.

 

Mr. I Wayan Gatha . Private entrepreneur who has been in banking industry for more than 30 years who started his business by establishing Bank Sri Partha (BSP) with the name of Bank Pasar Sri Partha (BPSP). Since its establishment, BSPP has focused its activities to contribute Bali’s economy in micro finance. I Wayan Gatha, who has helped BPSP growth, had a dream to become big through helping the rural community to move out of their poverty. Therefore, BPSP prioritize its services to serve the small and medium traders and companies in rural and urban, i.e. art workers, farmers and fishermen include employees. BPSP regarded the small and medium business as a good potential market for rural bank.

 

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