The role of fintech lending to Indonesia’s agribusiness sector

Agriculture plays a significant role in Indonesia's economic growth and development. It contributed to 14% of the nation's GDP in 2020, and the sector employs 29% of the Indonesian workforce. However, most Indonesian farmers are still living in poverty. According to World Bank’s data, around half of the Indonesian farmers are smallholders that earn an average of US$ 3.2 per day.

East Ventures: Uplifting Indonesian Society Through The Digital Economy, a case study by the CIIP

As the largest venture capital (VC) fund in Indonesia, investing in early-to-growth stage digital solutions across Southeast Asia and Japan, East Ventures has invested in digital solutions that solve the pain points of local communities, including by increasing access to education and optimizing end-to-end logistics, creating seamless and safe payment processes, and democratizing access to commerce.