Java Mountain Coffee is focused on improving the livelihoods of female coffee farmers in Indonesia's rural areas. (Photo courtesy of Java Mountain Coffee)

Investree Provides Green Financing to Empower Rural Women


JUNE 11, 2019

Jakarta. Investree Radhika Jaya, the company behind the popular peer-to-peer lending marketplace, announced a green financing partnership that will allow social enterprise Java Mountain Coffee to provide in-room fresh coffee for guests of Alila Resorts Bali.

In a statement the Jakarta Globe received on Tuesday, Investree said it would provide financing for in-room coffee capsule machines through a working capital term loan that will give the social enterprise the opportunity to offer a selection of certified biodegradable Nespresso-compatible coffee capsules filled with "farm-fresh" coffee grown by women's cooperatives in Bali and West Java.

This will be the first ever green financing partnership by the lending marketplace. Java Mountain Coffee is focused on improving the livelihoods of female coffee farmers in Indonesia's rural areas. Alila Resorts Bali is a luxury hotel on Indonesia's most popular tourism island. Investree did not disclose the amount of financing in the statement.

The green financing campaign also advocates for the coffee industry to stop using plastic and aluminum capsules to reduce damage to the environment.

"This collaboration reflects the spirit of Investree according to our tagline 'Everyone Can Grow,' in which Investree also empowers female SMEs involved in this project. Through providing fast and easy access to finance, it is expected that SMEs can be helped financially so their businesses can continue growing and benefit the wider community," Adrian Gunadi, co-founder and chief executive of Investree, said in the statement.

"We are excited that Investree has made this commitment to support indigenous rural women, enabling them through Java Mountain Coffee to offer Alila Resorts Bali a circular solution for their in-room coffee, one that not only contributes to the empowerment of women farmers but will also leave a positive impact on the environment," said Nadine Alexander, spokeswoman of Java Mountain Coffee.

"This green financing partnership with Investree will deliver a positive social and environmental impact to low income rural communities in Bali and Java islands whom are dealing with the effects of climate change," she added.

Investree cited World Bank data that shows women-owned and women-lead small and medium enterprises, or women-empowerment initiatives, in developing countries typically find it difficult to find the capital they need. The data shows they face an estimated credit deficit of nearly $1.5 trillion under current estimates.

"It is nearly impossible to start or sustain a business without access to capital," the lending marketplace said in the statement, adding that "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 a licensed company that provides interfacing service sites as liaison between lenders and borrowers through funding from individuals, organizations and legal entities to certain individuals or legal entities.

The company claims it seeks not only to increase lender gains, but also aims to make loans more affordable and accessible to business borrowers, especially small and medium enterprises. Investree has facilitated a record total of Rp 2.49 trillion ($174.5 million) in loans by April this year.