KOMIDA: Investing in a Future Without Poverty in Indonesia
by Claire Kelly, Asia/Pacific Regional Director
As part of Whole Planet Foundation’s annual due diligence visits to our microfinance partners around the globe, we observe the presence or absence of “responsible finance indicators” which shed light on how our partners are serving the world’s poorest people. Many of our microfinance partners use or develop strategies to inform their work, ensuring they are reaching their target populations with the services they need most.
Whole Planet Foundation’s Indonesian partner, KOMIDA, was recently highlighted in a case study featured on Microfinance Gateway for their work in the field of Social Performance Management. As it pertains to microfinance institutions (MFIs), CGAP defines Social Performance Management as: “…the systems that organizations use to achieve their stated social goals and put customers at the center of strategy and operations. A provider’s social performance refers to its effectiveness in achieving its stated social goals and creating value for clients.”
KOMIDA operates out of 230 branches in 11 provinces: Aceh, Banten, West Java, Central Java, East Java, Yogyakarta, West Nusa Tenggara, East Nusa Tenggara, South Sulawesi, West Sulawesi, and South Kalimantan. As of June 2018, KOMIDA had over 487,226 active borrowers and a loan portfolio of over $60 million. This makes KOMIDA the second largest microfinance institution in Indonesia.
To read the full blog post, visit the Whole Planet Foundation website.