South Jakarta, Indonesia
Pledged :
Raised :
  • Projected Return


  • Projected Timeline

    2-3 Months

  • SGD $385,870.00

    Fundraising Goal
  • SGD $376,225.69

  • 0

    Days to go
This campaign is fully funded.
  • PT Rafid P Enjiniring (“Rafid P”) has been awarded a work order from PT Patra Jasa (“Patra Jasa”), a subsidiary of Indonesian state-owned oil company Pertamina, that manages Pertamina’s buildings and hotels.
  • The work order is for the procurement of consumables, equipment and chemical housekeeping projects for 19 Pertamina buildings in several locations across Indonesia.
  • Rafid P has been a Patra Jasa vendor for the last 3.5 years and has successfully completed on the same orders more than ten times.
  • To complete this work order by Patra Jasa, Rafid P is raising capital to cover operational costs and source equipment procurement.

Founded in 2016, PT Rafid P Enjiniring’s business involves supplying general building material hardware, general safety equipment, cleaning tools, office products and maintenance services to office buildings.

Rafid P is able to manage its client projects effectively, through a set of established methodologies, due to its extensive expertise and skilled workforce. The company optimizes the allocation of required inputs and integrate them to meet the stated objectives when carrying out each project.

As one of the subsidiaries owned by PT Pertamina (Persero), the largest BUMN in Indonesia, PT Patra Jasa has strong credibility and presence in Indonesia, having served the community since 1975 after it was established in the hospitality industry.

Despite the company’s organizational changes following adjustments to its articles of association in 2014, it continued to expand and began to move into the property development industry.

Sahad Siallagan
  • Director Of PT Rafid P Enjiniring
  • Mr. Sahad received his master's degree in business administration from Adventist University in the Philippines.
  • Mr. Sahad started his career within the business development field in several large companies such as Indomobil and Astra.
  • Rafid P's success in securing orders from large companies like Patrajasa is due to Mr. Sahad's extensive experience and his strong base of connections.
  • A personal guarantee letter from the Director of Rafid P
  • Viewing access to Rafid P’s bank account with a post-dated cheque


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.


There is a risk that the delivery of the cleaning equipment to the 19 buildings may be affected by transportation restrictions made by public officials to curb the pandemic.

Mitigation Measure:

Ethis has added a one-month buffer to this campaign timeline, giving the campaign a maximal total tenure of three months.

Investors will appoint PT SMB, a sister company of Ethis, to enter into a Musharakah partnership with Rafid P. This Musharakah partnership allows Rafid P to receive the funding necessary to complete the work order from Patra Jasa.

Rafid P will issue the invoice to Patra Jasa after the order is complete. Patra Jasa will make the payment to Rafid P’s bank account, to which Ethis will have full access.

Upon receiving the payment, Rafid P will pay the investors their capital and profit (if any), and the Musharakah partnership will dissolve.


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.


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.


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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