LOLC Ventura Indonesia is a licensed venture capital company supervised by the Financial Services Authority (OJK), Republic of Indonesia. The controlling shareholder of LOLC Ventura is recognized as LOLC ASIA PVT LTD (Singapore), a subsidiary of LOLC Holdings – one of the largest financial conglomerates. Established in 1994, PT. LOLC Ventura Indonesia (previously known as PT. Sarana Sumut Ventura) was domiciled in Medan, North Sumatra Province. The early establishment of the company was initiated by PT. Bahana Artha Ventura – a subsidiary of PT. Bahana Pembina Usaha Indonesia (Persero) and was supported by few local banks and entrepreneurs. In the year 2017, LOLC made the initial investment to acquire the company and commenced business operations in 2018, under the MSME segment. Currently, LOLC Ventura has expanded its business operations to Banten, Cirebon and Bandung regions, with 52 locations across North Sumatra and Java Island. The Company focuses on micro group business models which do not have any access to formal financial services. The target market comprises of various skilled entrepreneurs among this community, which in turn will contribute towards the development of Indonesian economy. The Company’s primary goal is to create opportunities which would provide the capital required for entrepreneurs to start a new business or improve their existing business conditions.