Blossom Finance is a Shariah-compliant microfinance fund. It allows investors from across the globe to invest in and profit from pooled investments in microfinance and community banks, leading to risk diversification. It also offers Institutions a blockchain-based Shariah-compliant platform for raising funds.
PRODUCTS & SERVICES:
The platform offers investments in a fund that disburses money to a large number of microfinance and community banks, which use the funds to finance individual micro-entrepreneurs in Indonesia for income-generating ventures. The investment horizon is between 6-12 months. The fund is Shariah compliant at all stages, and the final investments are never for consumption purposes. The profit from the fund is shared with investors every 3 months. Its trademarked capital market tool “Smart Sukuk (Islamic Bonds)” uses the Ethereum blockchain to help Institutions raise funds for construction, microfinance and other activities, while ensuring avoidance of margin trading, excessive speculation, or usurious credit. The institutions receive money in the local currency, and hence do not have to take exposure to foreign currency or cryptocurrency risk. The investments are fully regulated in the respective jurisdictions.
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Individual and Institutional Investors, Microfinance and Community banks
The company has partnered with banks including AMA Bank, Bangkok Bank, Bank of America, BPI, Citibank, HSBC, Landbank, etc.