Politics
President Joko Widodo asks banks to increase the share of credit to MSMEs and BIS prepares the ultra micro segment as a source of growth
Jakarta – PT Bank Rakyat Indonesia (Persero) Tbk or BRI, as the bank with the largest MSME loan portfolio in Indonesia, will continue to focus on MSMEs this year, especially regarding empowerment. Until the end of December 2023, BIS credit distribution to MSMEs reached IDR 1,068.7 trillion.
Previously, at the 2024 Annual Meeting of the Financial Services Sector (20/2), Indonesian President Joko Widodo (Jokowi) invited stakeholders in the financial services sector to continue to maintain the Indonesian economy so that it is inclusive and sustainable in a geopolitical situation which is still not conducive.
The President encouraged the financial services sector to contribute to the growth of MSMEs by improving access to capital. “What is no less important is our support for MSMEs through banks and insurance. “Bank credit to MSMEs is currently still 19%, this requires a breakthrough, we need a strategy to let there be an increase in bank credit to MSMEs so that we can see MSMEs grow,” he said.
On this subject, the BIS has targeted an MSME credit growth strategy of 11 to 12% in 2024. “If now, the BIS increases its credit to 11.2%, then the BIS wants to continue to grow aggressively in 2024, or around 11 to 12%. ” Director Utama BRI Sunarso said recently.
Throughout 2023, the BIS managed to encourage credit distribution to grow by 11.2 percent year-on-year to reach IDR 1,266.4 trillion. This achievement is higher than the domestic banking sector's credit distribution of 10.4% year-on-year for the whole of 2023.
“The BIS credit has reached 1,266 trillion. This means that it is capable of growing by 11.2% and what is more interesting and more important for the BRI is that we remain focused on MSMEs, with the share of credit to MSMEs from the BIS reaching 84, 38%. “Our goal is to reach 85% by 2025,” he added.
The strategy, Sunarso continued, is to first remain focused on MSMEs, especially ultra-micro. Therefore, the continuation of the performance and strategy of Holding Ultra Micro (UMi) is realized as a new source of growth. So far, in terms of expansion, UMi Holding has entered its third year and has managed to add 6 million debtors, so that from 31 million debtors initially (September 13, 2021), it has now managed to serve no less than 37 million debtors to obtain formal financial access (from December 2023).
Furthermore, the number of ultra-micro holding clients reached 37 million borrowers. BRI Group's success in onboarding customers in the ultra-micro segment has had an impact on reducing the number of customers who do not have formal financial access.
Another achievement recorded by Holding UMi is that it distributed financing of IDR 53 trillion via digital caps or cashless to more than 8.6 million customers. Holding UMi has also integrated over 31 million pieces of data to use as cross-selling marketing.
“Ultra Micro Holing is in fact in its spirit to be more efficient and effective in supporting MSMEs, so that BRI can extend the reach of services to as many people as possible in the most efficient manner and cost possible,” concluded Sunarso.
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Sources 2/ https://radarmalang.jawapos.com/ekonomi-bisnis/814366163/presiden-joko-widodo-minta-perbankan-tingkatkan-porsi-kredit-umkm-bri-siapkan-segmen-ultra-mikro-sebagai-sumber-pertumbuhan The mention sources can contact us to remove/changing this article |
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