PT Elvindo Jaya Medica

Tangerang, Banten, Indonesia
Pledged :
Raised :
  • Projected Return


  • Projected Timeline

    2 Months

  • Fundraising Goal

    SGD $215,642.00

  • Raised

    SGD $215,560.00

  • Time Remaining

    0 day(s) to go

This campaign is fully funded.

About the campaign creator

Tangerang, Banten, Indonesia
59 Campaigns | 0 Loved campaigns

Contact Info

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  • PT Elvindo Jaya Medica (“Elvindo”) is a licensed vendor from Indonesia. Elvindo got a Purchase Order from Ministry Of Health Indonesia to provide 25,000 disposable protective apparels.
  • To fulfill the 25,000 disposable protective apparels order, Elvindo is collaborating with a Manufacturer in Yogyakarta known as Maesindo Indonesia Ltd (“Maesindo”).
  • Maesindo has a disposable protection product known as Solida and its standard has been approved by Ministry Of Health Indonesia.
  • Elvindo has ordered the disposable protective apparels with a 10% down payment to Maesindo. The financing required is to pay off the remaining payment in order to fulfil the purchase order.


Elvindo is a surgical mask manufacturer company located in Jakarta. The company market their products through resellers or directly to big institutions. 

Although the company is relatively new, Elvindo has managed to obtain multiple certificates on the health products category that allows them to supply to Hospitals and Ministries.

Due to their good relationship with the Ministry Of Health, they’ve been given an order to procure the Disposable Protective Apparel.

This is the first purchase order from the Ministry, if the delivery is a success, the Ministry Of Health has committed to place another order in December 2020.

Maesindo is a manufacturer located in Indonesia that focuses on supporting human life. Maesindo has more than 25 years of experience in producing disposable items.

As a world-class manufacturer, Maesindo has experience in exporting to more than 150 clients in 50 countries on 5 continents in the world. This experience makes Maesindo committed to being a visionary company, and also innovative to always provide quality products. 

As the world is changing rapidly, encouraging Maesindo to always be dynamic to capture more opportunities, and try to serve consumers with integrity and honesty to build long-lasting partnerships.


Hengky Wijaya
President Director of PT Elvindo Jaya Medica

Mr. Hengky Wijaya is a serial entrepreneur with more than 35 years of experience in multiple industries such as:

  • Private Manganese Ore mining company in Kalimantan.
  • Electric Vehicle importer and supplier to government institutions.
  • Health product manufacturer and supplier.

Rico Wijaya
Director of PT Elvindo Jaya Medica

Mr. Rico Wijaya is a serial entrepreneur with more than 14 years of experience in multiple industries such as:

  • Private Manganese Ore miner in Kalimantan.
  • Electric Vehicle importer and supplier to government institutions.
  • Health product manufacturer and supplier.


The Product

Certificate From Ministry Of Health


  • A personal guarantee from Director/Shareholder and Commissioner of PT Elvindo Jaya Medica.
  • A Post dated cheque.



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.

Mitigation Measure: 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.



The big order of 25,000 disposable protective apparels has to be ready in a fairly short timeline of 1 month.

Mitigation Measure: Elvindo has ordered the disposable protective apparels  from a prominent supplier Maesindo, which produces more than 225k Disposable protective apparel per month.


There is a risk that the fund may not be used for paying off the remaining payment from Elvindo to Maesindo.

Payment from the Ministry Of Health may not be returned to Ethis investors.

Mitigation Measure: The funds will be transferred directly from Ethis to Maesindo (the supplier) to pay off the remaining payment. 

The payment from the Ministry Of health will be transferred to Ethis-Elvindo Joint Account that Ethis has full control over the account.


Musharakah (Partnership) Agreement

  • Investors will appoint PT SMB to enter into a Musharakah partnership with Elvindo. The purpose of this Musharakah partnership is to allow Elvindo to receive funding necessary to fulfill the order from the Ministry of Health Indonesia.


  • Elvindo will issue invoice to Ministry Of Health after the order is completed. Ministry Of Health will make payments to Ethis-Elvindo Join Bank Account. Upon receiving the payment, Elvindo will pay the investors their capital and profit (if any) and the Musharakah partnership will be dissolved.


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. 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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Risk Statement

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.