A new year with a new spirit. We would like to thank the CROWDE friends (lenders, partners, and investors) for all the support and trust that helped us to achieve this milestone. Until 2019, CROWDE with the help of 31,831 generous lenders, we have already helped 20,603 farmers with total investment of US$8.3 million. In 2019, CROWDE has disbursed the loan to 243 projects that consist of 206 farming projects, 23 livestock projects, and 14 fishery projects. To improve the quality of investment CROWDE starts to collaborate with not only institutional lenders but also some NGOs like Bank BJB, Komunitas Organik Indonesia, and the United Nations for Development Program for Biofin Initiative.
Aside from business expansion, we also strive to offer better service on the quality management system by getting an ISO 27001 certification. With this ISO certificate CROWDE will offer adequate improvement in the future. Not long after the training and certification, we received US$1 million Pre-Series A funding from Mandiri Capital Indonesia. The funding will help us to reach more farmers by building a technology that can be used by Indonesian farmers.
2019 is the year of our international presence. We got the honor to represent Indonesian youth on agriculture topics in the International event like TEDx Wageningen University in the Netherlands, and Unreasonable Impact Asia Pacific Forum by Barclays. We received a good appreciation from the audience on how we initiate the P2P idea from 1 dollar investment for farmers. In the same year, CROWDE also received some reputable awards like Top 5 Sustainable AgChallenge from Rabobank – Singapura and China, Runner Up for Empowering Life Science Startup Competition from H-Cube, Judge’s Choice Startup award from Synrgy BCA (Google Launchpad), Runner Up for Startup Pitch Competition from Kafegama & Mandiri Capital Indonesia and also Best of the Best Startup at NextDev Talent Scouting from Telkomsel – Indonesia.
With a humble heart, we are thankful for all of your support and trust to help us to reach this milestone and always strive to serve a better service in 2020. Because together we can do great things!