PROJECT

Projects

Summary of Investment Information

Project Number

46825

Company Name

PT KITA BISA INDONESIA

Date SPI Disclosed

Jul 5, 2022

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Aug 23, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Mar 9, 2023

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : Aug 5, 2022
Signed : Dec 30, 2022
Invested : Mar 7, 2023

Sector

Composite Insurance (Life and Non-life)

Project Description

PT Kita Bisa Indonesia (Kitabisa or the Company) is a technology social enterprise operating Kitabisa.com, Indonesia’s leading donation and fundraising platform. Identifying market gaps in social safety nets and protection among their users, Kitabisa plans to expand its business to include sharia insurance offerings. The Company will focus on designing affordable, innovative protection solutions combining insurance with charity to serve the underserved low-to-middle income market segment.

Associated Advisory Engagement

                           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation