MUHAMMAD NADIUL KAFFI
Bali, October 2019 – Investree (PT Investree Radhika Jaya), Indonesia’s leading marketplace lending, announces a second round ‘green financing’ partnership with social enterprise Java Mountain Coffee to enable Java Mountain Coffee offer guests of Four Seasons Resorts Bali sustainable Indonesian coffee filled into biodegradable capsules.
This partnership will contribute to Java Mountain Coffee making further important in-roads to the travel and tourism sector in Asia by offering hotels and other stakeholders of the industry to make a stand against the industry wide use of plastic and aluminium coffee capsules and shift to a green solution: Java Mountain Coffee’s certified biodegradable coffee capsules filled with farm fresh Indonesian sustainable coffee. Currently in Asia, over 98% of hotels that offer their guests in-room coffee capsules are made of plastic and aluminium which is causing irreversible damage to Mother Nature.
Investree ‘green financing’ partnership with Java Mountain Coffee will provide financing for in-room coffee capsule machines through a ‘Working Capital Term Loan’ that will allow Java Mountain Coffee to offer a selection of certified biodegradable Nespresso® compatible coffee capsules, filled with farm-fresh sustainable Indonesian coffee grown by all-women membered cooperatives in West Java and Bali.
The ‘Working Capital Term Loan’ is one of the productive loan types from Investree that utilizes the uniqueness of the borrower’s business model such as working with digital payment partners, logistics service providers, having work contracts in progress, and using point of sales (POS) application.
“This ongoing collaboration reflects the spirit of Investree according to our tagline “Everyone Can Grow”, which Investree also empowers female SMEs involved in this project. Through providing easy and fast access to finance, it is expected that SMEs can be helped financially so that their businesses can continue and benefit the wider community. In addition, through this collaboration, we also want to strengthen cooperation in B2B segment so that our respective industries can grow,” said Co-Founder & CEO of Investree, Adrian Gunadi.
In addition to providing quality and sustainable fresh Indonesian coffee to Four Seasons Resort Bali at Jimbaran and Sayan, Ubud, the main objective of ‘green financing’ cooperation is to empower farmers and seasonal farm workers where 10% of the sales of biodegradable coffee capsules will be invested in Women’s Empowerment Innovation Funds. This is a unique and important value which Investree and Java Mountain Coffee wish to highlight.
According to the World Bank, women-owned, women-lead SMEs, or women-empowerment initiatives in developing countries can’t get the capital they need. They face an estimated credit deficit of nearly $1.5 trillion per current estimates. It is nearly impossible to start or sustain a business without access to capital.
Less than 30 percent of formal SMEs or empowerment initiatives around the world are owned, run, or lead by women. Women entrepreneurs themselves face numerous challenges to financing, owning, and growing a business, including legal and policy obstacles to business ownership and development.
“Investree is showing important leadership in ‘green financing’ by supporting Java Mountain Coffee offer a ‘circular solution’ for Four Seasons Resort Bali guests a sustainable in-room coffee, one that not only contributes to the empowerment of women farmers but will leave a positive impact on the environment. Our ‘green financing’ partnership with Investree is delivers equal opportunity to indigenous rural women and will contribute to deliver long term sustained incomes for rural communities in Bali and Java islands whom are dealing with the effects of climate change,” said Spokeswoman of Java Mountain Coffee, Nadine Alexander.
PT Investree Radhika Jaya is a legal entity established under the laws of the Republic of Indonesia and the only fintech lending platform that has acquired Authorized Business License for Fintech Lending Platform from Financial Services Authority of Indonesia (OJK) and has approvals for conventional and sharia business. Investree provides interfacing service sites as liaison between ones that provide loans (ender) and ones requiring loans (borrower) through funding from individuals, organizations, and legal entities to certain legal entities. Not only increase lender gains, Investree also makes loans more affordable and accessible for business borrowers especially small and medium enterprises.
Until the beginning of October 2019, Investree has succeeded to book its record on total loan facility of IDR 3.43 trillion and disbursed loans of IDR 2.61 trillion with 16.3% average rate of return and 98.80% Success Rate 90 or TKB90. Investree was awarded as “Best Fintech of the Year” by The Asset Magazine, “Best P2P Lending Platform for SMEs” by The Asian Banker, and “30 Most Promising Growth-Stage Startups” by Forbes Indonesia.