Griya Indah Madani Residence
- Projected Return
- Projected Timeline
- Fundraising Goal
0 day(s) to go
KEY HIGHLIGHT OF THE PROJECT
This project will provide 333 low income families with houses which they will fully own at the end of the project. A strategic location which is located in one of the fast-growing areas in west Java. A reputable project developer owning the land
and the equipment, making the project perform efficiently. The investment is backed by assets worth 150% above
the crowdfunding amount. This will protect the
OVERVIEW OF THE COMPANY
Jasa Gramindo Berkah Madani
Gramindo is a service Cooperative with a savings, loans and compensation unit offering Grameen-based micro financing specifically for groups of women running Shariah observant businesses.
Gramindo uses Gayatri Microfinance platform as the Gramindo delivery channel for this business which focuses Gramindo’s efforts to improve the community’s standard of living via financial assistance to become a Madani community or a community of excellence.
The Head Office is in Jakarta while the operational financing unit is in Yogyakarta. Running since 2018, Gramindo through the use of Financial Technology is now poised for better transaction speed, transparency and work effectiveness in line with the current millennial era.
Okky F Achmad
CEO & Founder, Jasa Gramindo Berkah Madani
Experienced Group Head and a career banker. Skilled in Credit Risk, Risk Management, Banking, Loans, Collection and Credit Analysis. Strong micro finance professional.
SME & Micro Banking Group Head Bank Syariah Mandiri.
Access to Gramindo’s Escrow Bank Account.
Personal Guarantee Letter from the CEO.
KEY RISKS AND MITIGATION MEASURES
This campaign is denominated in Indonesia Rupiah (IDR), and therefore impacts non-Indonesian Investors who have to bear FX risk should there be a depreciation in the IDR.There will be no exchange rate guarantee given or currency hedging done for investors. Instead, a higher projected ROI has been negotiated with the project company to account for exchange rate risks. The given projected ROI is the final returns investors should take into their consideration.
Risk Mitigation: There will be no exchange rate guarantee given or currency hedging done for investors. Instead, a higher projected ROI has been negotiated with the project company to account for exchange rate risks. The given projected ROI is the final returns investors should take into their consideration.
There are areas known to have non-performing financing, such as some areas in Sukabumi, West Java. Those areas have higher credit risk than other areas. The financing extended is not backed by asset collateral.
Risk Mitigation: Financing will be distributed in Yogyakarta, a selected area that doesn’t have a history of non-performing financing. Although this kind of financing is not asset-backed, and there is risk to capital, Gramindo has refined their pipeline, scoring, disbursement, reporting and collection processes so that every application is properly analysed.
Investors will appoint PT SMB to enter into a Mudharabah contract with Gramindo. The purpose of this Mudharabah contract is to allow Gramindo to receive funding necessary for the financing of 1000 women in the Gramindo Group.
Gramindo will receive the payments from 1000 women in 6 months, Gramindo will pay the investors their capital and profit.
This campaign facts and the content herein do not constitute as any financial advice, or solicitation for the purposes of making financial investments in Indonesia or other territories. Ethis.co is a platform specialising in the match-making of opportunities to those who register themselves as members on the Ethis platform. With regards to these opportunities, the need and onus to do due diligence lies squarely with our members as we do not profess to advise on the same. All dealings and transactions are directly with the businesses, project owners or authorised agents we refer to our members.
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PT Fajar Intan Mandiri
PT Fajar Intan Mandiri (FIM) is a licensed property development company established in 2015. Since its inception, PT FIM has held a good track record of developing affordable and subsidized housing projects with a total GDV of SGD 5 million.
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PT FIM is also registered as a member of the APERSI, a property developer association. This membership provides the company with credibility from an industry perspective as property associations have very rigid criteria for the maintenance of membership.
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The campaign duration is projected by the project owners, and based on information we receive from them. The actual completion of projects is subject to real world conditions, which may cause an extension of duration by 2 to 12 months. Any extensions will be informed to investors in projects updates. In the event of project or business failure in property projects in particular, a recovery process may be initiated to recover some or all of the capital invested.