Bank Andara

VISION:To serve as catalyst to reach millions of Indonesians that lack access to the financial sector by providing financial products and services through financial institutions as well as through direct means.MISSION:Provide access to wide-ranging financial services directly or through financial or non-financial institutions in a sustainable and accountable manner.-----------------------------------------------------------------------------------------------------------------Bank Andara was founded in 2009 by shareholders who are known to have strong commitment to develop micro-economic sector in Indonesia in order to alleviate poverty. Currently the Bank's shareholders are: Mercy Corps, International Finance Corporation (IFC), KfW, Hivos-Triodos Fund (HTF), Developing World Market Fund SCA - SICAV SIF (DWM), and I Wayan Gatha. Bank Andara has cooperated with about 800 microfinance institutions (MFIs) which have reached 1.2 million people throughout Indonesia. As a licensed commercial bank, Bank Andara provides a range of flexible and long-term financing instrument as well as technology-based innovative products. MFIs that have partnership with Bank Andara have access to affordable, flexible and long-term sources of capital that can be used to support their business sustainable growth as well as their clients'. Bank Andara business model provides a more efficient capital turnover and better mechanisms for the distribution of banking products and services are sustainable, innovative, and accessible for low-income people in Indonesia through MFIs. In the end, this will help to boost economic growth and reduce poverty.