Bank Andara target can one million customers during the 3 years post. Paul said: we are targeting 1 million customers or about 2-3 percent of the total market share in Indonesia.
For the initial stage, the Bank Andara akan funds allocated around Rp 300 billion in credit to microfinance institutions. Furthermore, Paul said that the government will also increase the capital to Rp 275 billion from the Bank's capital base Andara that reached Rp 135.9 billion. Tomorrow we will have AGM (general meeting of shareholders) and capital increase to Rp 275 billion. But we want the capital can be increased 2 times from Rp 135 billion that. Capital will be paid in this year until next year. Additional capital is derived from a number of large investors who are investors who have a social vision to minim to the poor. Most likely the investor will enter from the United States.
Currently, there are four shareholders who become investors in the Bank Andara, the Mercy Corps International (MCI) of 42 percent, Coorporation International Finance (IFC) of 20 percent, the HIVOS-Triados Fund (HTF) of 17 percent, and Catholic Organizations for Relief and Development Aid (CORDAID) of 13 percent. In addition, there are also the shareholders of Bank Sri Partha, that is, I Wayan Gatha, is 11 percent.
