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Masarang Foundation , or Yayasan Masarang in Indonesian language, is an Indonesian non-profit organization. One of its programs, The Masarang Palm Sugar Factory, succeeded as one of the finalists of The World Challenge in 2007 .
Masarang Foundation was established on January 17, 2001, by Notary Act No. 175, and since January 22 nd, 2001, officially registered with the department of Justice in Tondano with registration number 02/YS/2001/PN.TDO. Masarang is based in Tomohon, North Sulawesi, Indonesia. With the motto "People, Planet, Profit", Masarang aims to achieve its goal to save the environment through the active role of the local people.
Loan from Phaunos Timber Fund
In 2007, the Masarang Foundation received a Euro 4 million loan from the Phaunos Timber Fund. This loan was fully provisioned by the fund in 2009. In the 2012 Annual Report, the Phaunos Timber Fund stated it was evaluating taking legal action to recover the amount owed from Masarang. In the 2013 half yearly Financial Result the loan had been written down to zero. 
The Masarang Palm Sugar Factory
Masarang Foundation has several programs, including scholarships, palm farmer groups, although the foundation is most notably for the Masarang Palm Sugar Factory program, that uses waste steam from the power plant to heat the sugar palm sap . The resulting high-quality product is now being successfully exported - with all profits going direct to the farmer's cooperative . The Masarang Palm Sugar Factory started its production after opening by President Susilo Bambang Yudhoyono in 14 January 2007 .
- Footnote 12 http://www.phaunostimber.com/documents/PTF%20Annual%20Report%20Proof%202012%20-FINAL%2014%2005%202013.pdf
- Footnote 13 http://www.phaunostimber.com/documents/Half%20Yearly%20Results%202013%20LSE%20(2).pdf