We are happy to welcome another Indonesian impact enterprise to the platform to raise capital for their impact mission. Indosole is launching their campaign with LendForGood this month with the support of Red Hat Impact a returning intermediary.
Who is Indosole?
Indosole, an Indonesian impact enterprise that has been transforming discarded tires into sustainable footwear for 15 years, needs a loan to open two new retail stores in Bali. Store sales will amplify their environmental impact (further reducing tire & other waste), support local employment, & increase consumer awareness of eco-conscious products. The expansion will strengthen their profitability and enable further investment into innovation and positively contributing to the circular economy.
They have some awesome videos on Youtube that tell their story:
Indosole’s 14th Anniversary
INDOSOLE: The Art of Repurposing
Why are Indosole fundraising?
Indosole seeks this loan to support its strategic expansion by opening two additional retail stores in Bali.
Since inception, Indosole has focused primarily on physical retail stores (sixth shop opened in Q1 2025), leveraging direct customer interactions to promote sustainable consumer behaviour by transforming discarded tires into durable, stylish footwear. Their existing retail locations have demonstrated significant success, with each new store achieving an average 20% sales growth year-on-year and fostering repeat online purchases from tourists upon returning home. This positive trend encourages their strategy to expand their retail presence, directly enhancing their environmental impact, increasing market awareness, and solidifying community engagement with sustainable practices.
Why are Red Hat Impact supporting Indosole?
Red Hat Impact was introduced to the Indosole team early in 2025 via our relationship with the Bali Investment Club (they previously connected us to Robries, another amazing Indonesian impact enterprise working in the circular economy). Since then, we’ve been working with the founding team to understand their business and impact, and their ambition for the future. Together we have looked at the economics of opening new stores from previous experience, and constructed a plan for how impact capital can fuel growth via two new stores in the next year. Indosole is profitable, has a proven model, and needs to grow sales to deliver more impact in Indonesia, creating employment and reducing discarded tire waste in the community.
Where can lenders learn more about Indosole?
LendForGood is excited to invite you to join us for this Live Q&A with Indosole who launched their impact loan campaign with us on the 26th May, in collaboration with impact intermediary Red Hat Impact.
Join us on Tuesday 10th June as LendForGood Co-Founder Tom Dawkins hosts a Q&A with the Indosole team and Red Hat Impact – the impact intermediary supporting Indosole with their impact capital objectives.
Together Indosole and Red Hat Impact will provide information about the opportunity for you to lend your support to Indosole in tackling tyre waste and building profitability in the circular economy.
RSVP at this Luma link https://lu.ma/8ut1lcgh and submit any questions you have for Indosole.
Their new campaign page is live from 26th May ahead of the Live Q&A so if you’re ready to lend your support the no need to wait – head on over and let’s make an impact together! https://lendforgood.io/indosole-2025/
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