- Loan Successfully Funded On 18 Sep 2023 and in Repayment
Transforming menstrual health in Indonesia
Perfect Fit
- Bali, Indonesia
Menu
- 79,500 USD
Loan in repayment
With this loan, Perfect Fit will enhance production capacity, diversify their product line, and expand their business-to-business (B2B) education initiatives. Perfect Fit has found strong demand through products that get high customer satisfaction, and through organic demand from B2B clients. By expanding product range and strengthening educational outreach, Perfect Fit aims to benefit the world by promoting sustainable menstrual health practices and their enterprise by driving growth and reach.
- 14 Lenders
Committed
- 36 months
Loan Period
- 8%
Interest Rate
- BACKGROUND
Loan summary
Launched in 2022, Perfect Fit is a women-owned and led Indonesian impact enterprise producing the first Indonesian made leakproof underwear and reusable pads. Perfect Fit’s ambition is to transform menstrual health in Indonesia, offering millions of women alternative products that are more comfortable, better for their health (no chlorine or chemicals) and much better for the environment (8 billion pads a year are discarded in Indonesia alone per year).
Perfect Fit has tested and proven their three-pronged business model over the last year and a half: 1) sustainable period products, 2) menstrual health training, and 3) HR and CSR programs with major businesses and organisations. They now need capital to grow their business and pursue their ambition to reach ten million women in 2030.
Borrower's mission
Perfect Fit embarked on its impact mission in 2018, initially as a non-profit project, with a clear goal of addressing period poverty in Eastern Indonesia. This region faces significant challenges with limited access to education, products, and sanitation facilities.
In just three years, the organisation achieved remarkable milestones, producing and selling 40,000 reusable products. This endeavour granted access to menstrual hygiene solutions for 10,000 menstruators and prevented 1 million single-use plastics from ending up in landfills.
Building upon their achievements, Perfect Fit underwent a strategic pivot and transformed into a company. In 2022, they launched their innovative line of period underwear. Looking ahead, their commercial vision is to become the leading menstrual health brand for Asian women, empowering 10 million women with high-quality, sustainable solutions by 2030.
By combining their impactful initiatives with a strong business approach, Perfect Fit aims to create long-lasting social and environmental change.
The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.
Intermediary's experience with impact enterprises
For more than 9 years, Red Hat Impact has helped impact enterprises by raising capital and providing other kinds of business and strategy support. We have raised more than $3M from our network of impact investors, and loaned this capital to support 30 enterprises. We use a crowd-lending model to raise loan capital. As of May 2024, we maintain a 98% success rate on loan repayment. We establish close working relationships with all of the impact enterprises we raise debt capital for, and co-manage risks with them during the loan term.
- IMPACT
Impacts and how they are measured
Perfect Fit aims to generate the following positive impacts, which will be measured and assessed:
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