WLB Series: Empowering KOMIDA, empowering women
KOMIDA is one of the largest microfinance institutions in Indonesia that helps its 100% female customers with savings accounts, loans, health training, school support for their children, and family financial management. KOMIDA received US$9 million from WLB2, WLB3, and WLB4 to help over 99,000 women and their families. Its women clients have reported a 20-30% increase in income each year, enabling them to save more, invest in family development and children’s education, and grow and expand their businesses. The majority of KOMIDA’s loan portfolio (~95%) comprises individual loans provided to micro-entrepreneurs for income-generating and productive activities. Other lending purposes include housing, sanitation, education, personal consumption, and agricultural loans.