Amartha has a long history in microfinance. It started out as a group lending institution similar to Grameen Bank in 2010 and has cooperations with big banks like BNI. Now it’s taking the concept online with hopes of reaching more borrowers and lenders. Loans range from US$115 to US$1,540 at a runtime of between 3 and 24 months. Groups of 15-20 people can apply for a loan, as can registered small enterprises. Borrowers don’t pay an admin fee to Amartha. It’s the lenders who contribute a one percent admin fee to the platform each month. It’s deducted from the monthly payback installment. A lender has to invest at least US$230. Amartha doesn’t specify how much interest a lender can expect. It only says that it’s higher than if money is simply parked at the bank. Amartha’s advantage is that it has microfinance experience and field officers who oversee the progress and performance of borrowers’ businesses.