Jakarta, Indonesia
Pledged :
98.28%
Raised :
98.28%
  • Projected Return

    5%

  • Projected Timeline

    3 Months

  • SGD $38,811.00

    Fundraising Goal
  • SGD $38,143.00

    Raised
  • 0

    Days to go
Minimum amount is SGD $3000 Maximum amount is SGD $5000
Edit Investment Amount:
SGD $

* Minimum Investment is SGD $3,000.00.

* Investors may invest in their respective currencies, which will then be converted to IDR. This means that all investments received will be denoted in IDR and payouts will be actualised in IDR. For administrative purposes only however, our documents reflect the investment at the equivalent applicable SGD amount.

  • Maybank Syariah Indonesia leads the procurement of drinking water machines to five selected Islamic boarding schools in Java as part of its participation in the SWA (Water Waqf Institution) donation program.
  • SWA has appointed CV Max & Milo (“Max & Milo”) as the agent to manage the installation and procurement of the drinking water machines. This is SWA's second project from the same order to Max & Milo; the first order has been completed, and the invoice would be processed soon.
  • Max & Milo needs financing for the purchase and installation of five drinking water machines to five Islamic boarding schools (Pesantren Tebu Ireng, Pesantren Annur Darunnajah, Pesantren Kreatif Ihaqi, Pesantren Jamiyah Islamiyah and Pesantren Ar-Raudhah).

Indonesian marketing agency Max & Milo has extensive experience in planning, managing and executing various events. Max & Milo helps clients bring their messages to life by conceptualizing and executing memorable events.

Better known by the acronym “SWA,” Alms Waqaf Air is a community organization that aims to help alleviate community problems that arise from the unavailability of clean water for communities located in areas that are less developed or far from the reach of clean springs.

This water machine procurement program expects to help fulfil the internal water needs of the five selected Islamic boarding schools and help them reduce their overall expenses.

Akli Djumadie
  • Director of CV Max & Milo
  • Mr Akli has eight years of experience in the creative industry.
  • He started his career as a Public Relations and Marketing Officer, serving the same role at several well-known industrial retailers in Jakarta. Most recently, he became the Head of Business Operations Sales at Hijup, a global pioneer in Muslim Fashion e-commerce.
  • A personal guarantee letter from the Director CV of Max & Milo
  • Access to Max & Milo’s bank account

FX RISK 

Investments made in other currencies will be converted to Indonesia Rupiah (IDR) for project use. Investors may incur fx (currency) losses if there is a depreciation in the IDR to their own currency. 

Mitigation Measure:

There is no fx guarantee or currency hedging done for investors. A higher projected ROI has been agreed upon with the project company to account for this risk.

PAYMENT RISK

The program is fully supported by Maybank Sharia. The payments from Maybank will go to SWA’s bank account directly. However, there is a possibility that SWA will not make the payments to Max & Milo.

Mitigation Measure:

Max & Milo has prior experience running this program with SWA, and had provided proof that payments were made seamlessly in their previous dealings with SWA.

SWA is a registered non-profit institution that does not seek profit in their programs.

Investors will appoint PT SMB, a sister company of Ethis, to enter into a Musharakah partnership with CV Max & Milo. The purpose of this Musharakah partnership is to allow Max & Milo to receive funding necessary for the accomplishment of the work order from SWA.

Max & Milo will issue the invoice to SWA after the order is completed. SWA will make the payment to Max & Milo’s bank account, which Ethis will have full access.

Upon receiving the payment, Max & Milo will pay the investors their capital and profit (if any) and the Musharakah partnership will be dissolved.

IMPORTANT NOTE

This investment opportunity is based on a
first come first serve basis. Your investment is secured only after your transfer-proof has been received. A pledge is merely an interest to invest and does not guarantee you a slot in this investment.

DISCLAIMER

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.

RISK NOTE

In the event of non-performance or default by the project owner, Ethis will initiate a recovery process and handle the initial administrative steps. Should there be a need to pursue further action, investors will need to agree to and bear any additional costs incurred.

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