YAYASAN Cinta Anak Bangsa (YCAB) Foundation and Juara Capital Indonesia officially introduced Juara Empowerment Balanced Fund (JEBF), a mutual fund product that combines financial investment with a social mission.
JEBF comes with a vision that investment is not only oriented towards financial gain, but also creates a real social impact for the community. The product allows investors, both individuals, corporations, and institutions to invest while contributing to YCAB’s social programs.
CFA, Juara Capital Indonesia CEO Richardo Walujo said, part of the funds from the investment in JEBF will be allocated as a donation to support the education of underprivileged youth and the empowerment of ultra-micro business mothers through YCAB programs automatically.
“By investing in JEBF, investors automatically donate funds to YCAB’s social programs,” said Richardo at the launch of JEBF at the 2024 Impact Festival while celebrating the 25th Anniversary of the YCAB Foundation in Jakarta, Sunday (1/9).
“This donation fund will finance the distribution of educational scholarships, vocational schools for children, and the empowerment of ultra-micro entrepreneurs through the YCAB program. We hope this initiative inspires more parties to see investment as a tool to achieve greater social goals,” he added.
Richardo continued, JEBF has been accessible to the general public since August 1, 2024. He targets the collection of funds from the product to reach IDR 10 trillion as managed funds.
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JEBF, said Richardo, has a social fund program feature. Through this feature, managed funds can be withdrawn 1% to 5% to be distributed to YCAB. He hopes that the product can be an inspiration and encouragement for people to invest while supporting social movements.
“We are more towards empowerment, providing empowerment to teenagers and mothers in MSMEs, so that more people are called to this goal,” he explained.
Empowerment
On the same occasion, YCAB Foundation founder Veronica Colondam said that the JEBF product had been a dream that she had planted since 12 years ago, namely a means for the community to invest while supporting social empowerment.
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JEBF focuses on two things, namely the integration of empowering housewives through ultra-micro financing and empowering children through education. “So those two, mothers are rich, children are smart, we add a special path, children must be champions,” said Veronica.
“Why? So that they are financially independent, that’s important, not just school, graduation, but if idle “For what? I want to have a job, and be able to help the family economy. That’s what you call a champion child,” he added.
JEBF is also expected to encourage financial inclusiveness in society. The reason is, one JEBF unit is priced at IDR 100 thousand. “This is what we hope, as inclusive as possible, as widely as possible for the community to participate. It doesn’t have to be those who have money to buy. We make the unit as cheap as possible, so that anyone can help,” explained Veronica.
“We work hard, not just as individuals, but also companies that may be able to deposit funds. idleunused, unallocated, can stop here. Because this does not exist lock in period. So anytime fluidyou can come in and take it, that’s my opinion feature which is quite good, and very mainstream investment” he concluded. (J-3)
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