Sprout Enterprise Funds the BIDUK Indonesia Portfolio to Supply Capital to Small and Growing Businesses and Provide Access to Markets for the Creative Economy

Jakarta, Indonesia, March 1, 2021 – Sprout Enterprise®, an initiative of Friends of Tilonia, Inc., a US-based non-profit supporting rural development in less-developed countries, has partnered with BIDUK, a prototype lending platform, to supply capital to small and growing businesses (SGBs) in the creative economy in Indonesia.

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. 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.

Since its inception, Sprout Enterprise® has generated more than $630,000 in international sales augmenting the international sales growth and business development of its artisan partners. More than $1.3 million in international grants have funded sustainable development initiatives in rural communities benefiting more than 2 million people.
Sprout Enterprise® has focused on supporting a network of charitable affiliates working for rural development in India, Mexico, Guatemala and Cambodia. This is the non-profit’s first venture in Indonesia. The investment, intended to build linkages between artisans and markets, will be used in its entirety to fund loans for SGBs in the creative economy.

“We are incredibly grateful that Sprout Enterprise has chosen to invest in BIDUK and to expand its portfolio of impact investments to Indonesia,” said Kaylene Alvarez, founder and CEO of Athena Global, BIDUK’s implementing partner. “Every penny of this investment will become capital for SGBs who typically struggle to get access to capital—especially in the face of a global pandemic.”

BIDUK is currently focused on supporting businesses with a presence in Jakarta. It intends to expand its scope nationwide and potentially to similar markets in Asia or Africa.

For more information about BIDUK, please contact Ramona Ridolfi, Program Manager at rridolfi@bidukindonesia.com.

For more information about Sprout Enterprise, please visit www.sproutenterprise.net, or contact Ellen Fish at ellen@sproutenterprise.net.

Athena Global
3440 Quay Street
Wheat Ridge, CO
80033
Press Contact: Robert Hurst
rhurst@athenaga.com

Athena Global is a niche woman-owned consulting and advisory firm focused on Gender Lens Investing; structuring impact finance funds (debt and equity), investment vehicles and products; financial institution risk management, and impact investing advisory to help clients optimize finance as a tool for positive social change.

Athena Global has advised a multitude of donors, DFIs, NGOs, impact investors and various private sector clients on structuring investment vehicles, financial products and operating models to meet impact goals with a commercial orientation.

Athena Global is also the implementing partner of BIDUK.

This release was published on openPR.