We are here to assist you
Mekar offers you a double bonus.
Firstly, Mekar offers you an interest rate which is higher than what you can earn in a bank’s savings account. In Indonesia you can earn 5%-6% on a 12 month time deposit account. With Mekar your annual earnings start at 7% and go up to 12.5%.
Secondly, your money helps small businesses in Indonesia grow, 90% of our loans are for women micro-entrepreneurs. If you save money at a bank it is very unclear how your money is being used by the bank. At Mekar you can choose who, where and what your money is used for.
You can fund loans via Mekar once your registration has been checked. Once approved, you will be notified with your Mekar Account number. Then you are ready to fund loans. It should take 4 to 48 hours between registering and being ready to fund loans.
For the Starter Plan, the minimum amount to fund in any single loan is IDR 100,000. Please note that if a loan of your choice is less than IDR 200,000 short from being fully funded, you will need to fund the entire remaining amount of the loan.
For the Basic/Standard/Advance Compound Plans, the minimum funding amount is IDR 30,000,000. Learn more about long term loan financing in MEKAR by clicking here.
MEKAR crowdfunds most loans, which means many individual lenders can contribute their funds to successfully fund a loan in MEKAR. You can still fund the entire loan but you also have the option to fund just a portion of the loan starting from IDR 100,000 or more.
From time to time, you might find short term loans of less than 12 months on Mekar's loan list. Mekar does not crowdfund such loans; you will have to fund the entire loan amount.
If a loan fails to fully fund in the allotted 48 hours funding window, we reset its funding progress and relist it on our loan list. It now has 48 more hours to become fully funded. We also credit your funds back to your Mekar Account. You can then fund the same loan again after selecting it from the loan list or select other loans that are closer to being fully funded to start funding faster.
For a quick response, reach out to us and we'll be in touch soon.