Tanggerang, Indonesia
Pledged :
Raised :
  • Projected Return


  • Projected Timeline

    4 Months

  • SGD $131,795.00

    Fundraising Goal
  • SGD $138,362.54

  • 0

    Days to go
This campaign is fully funded.
  • PT Sinar Gumilang Intan (“Sinar Gumilang”) has been appointed by the Indonesian Ministry Of Public Works and Housing (“MPH”) as the project manager of a drainage project that covers approximately 2.3 km of land as well as to construct ground retaining walls in Tanggerang, Banten.
  • To complete the MPH's order, Sinar Gumilang needs financing for the rental of heavy equipment, procurement of materials and to cover the operational costs.
Established in 2014, PT Sinar Gumilang Intan was initially engaged in the sale of three-wheeled motorcycles and was the sole agent for ‘Kaisar’ brand motorcycles in Indonesia. They have been a vendor of three-wheeled motorcycles to the Ministry Of Public Works and Housing since 2014. In 2015, PT Sinar Gumilang Intan began expanding into the field of construction services. Today, Sinar Gumilang operates on international standards within the construction services industry and supports government programs that aim to accelerate development across all lines, especially in creating jobs in the construction sector.

The Ministry of Public Works and Housing, abbreviated Kemen PUPR, is a ministry of the government of the Republic of Indonesia and is responsible for public works and public housing affairs. The ministry is under the purview of the president.

Niko Witanto
  • Director of PT Sinar Gumilang Intan
  • Mr. Niko has been working with the government for 16 years, specifically in the supply and distribution of three-wheeled motorbikes.
  • He has more than 6 years of experience in the field of construction and has developed partnerships with various international contractors.
  • A personal guarantee from the director of Sinar Gumilang
  • Access to Sinar Gumilang’s bank account with post-dated cheques


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.


The work is currently in the preparation stage. There is a risk that the preparatory work will be paused during the long Eid holiday.

Mitigation Measure:

The Indonesian government shortened the Eid holidays due to activity restrictions because of the COVID-19 pandemic. To mitigate any delays, Ethis has added a one-month buffer to the overall project tenure

Investors will appoint PT SMB, a sister company of Ethis, to enter into a Musharakah partnership with Sinar Gumilang. The purpose of this Musharakah partnership is to allow Sinar Gumilang to receive the necessary funding to complete the work order from the Ministry Of Public Works and Housing.

Sinar Gumilang will issue the invoice to MPH after the order is completed. MPH will make the payments to Sinar Gumilang’s bank account to which Ethis will be given access.

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


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. 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.


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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