Progress report for
Indonesia Green Fund Hub/ Financial Services
Achievement at a glance
First Indonesian Green fund mutual fund was established together with PT. OSO Manajemen Investasi under the supervision of the Indonesian Financial Services Authority (OJK). Along with PT. OSO Securities for its investment banking activities and certification together with the former SUCOFINDO company Socentix implement green investments services with an asset under management USD200mio and now will be more then tripled with the establishment of the green land banking company.Challenges faced in implementation
Indonesia is currently facing a political year, worse then ever since its reform of the political society in 1998. Any business activities is susceptible to any political intervention. Therefor we opt to establish our own financial companies from the lower level, community cooperative till the acquisition of a specialised bank holding company in 2018. Managing an asset of more then USD200mio since its inception, Socentix Green Fund Hub will manage a newly land banking portfolio of USD1bio in the late 2018. And actively will act as the green area/campus developer in Indonesia.Beneficiaries
Most beneficiaries will be the micro entrepreneurs grouped in Socentix linked cooperatives or banks and higher education establishment/universities to received green endowment fund.