Expanding the benefits of a growing digital economy in Indonesia and India.

The world’s largest archipelago, Indonesia is an extraordinarily diverse and culturally rich country that spans across 17,000 islands in the Asia-Pacific region. The country is one of the fastest growing economies today — in part, because of digitization. Its digital economy is predicted to more than triple to US $133 billion by 2025.

Yet, despite the rapid growth, half of Indonesia’s adult population is still unbanked, and the majority of its 64 million micro-enterprises, like rice mill owner Ibu Oom, have been financially excluded. This has forced many micro-enterprises to borrow from family and friends or via informal money lenders, which often results in high interest rates and potential overindebtedness. Several large state-owned banks, private banks, microfinance companies, and more recently, fintechs, have begun addressing the needs of this market.