BMRI - Has distributed microcredit worth IDR32.7 tn as of July 2024

BMRI - Has distributed microcredit worth IDR32.7 tn as of July 2024 Bank Mandiri (BMRI) has distributed microbusiness credit (KUM) worth IDR32.7 tn. This distribution increased 10.74% yoy. Meanwhile, KUM distribution until July 2024 has been given to more than 294k MSMEs throughout Indonesia. This bank with the gold ribbon logo continues to strive to ensure that credit in this segment grows in a prudent manner. One of the efforts made recently is to establish a strategic partnership with Sinergi Gula Nusantara (SGN), Sugar Commodity Sub Holding, and PTPN III (Persero) Plantation Holding. Primarily, providing integrated financial solutions, especially for sugar cane farmers, who are the main partners, As a concrete step, Bank Mandiri provides KUM facilities specifically designed for sugar cane farmers with a harvest payment scheme. This facility offers a harvest pay scheme, which allows farmers to manage their cash flow more flexibly. In this way, payment obligations can be adjusted to harvest time, which is often a challenge in managing agricultural businesses. "We see that the agricultural sector has great potential for driving national economic growth," said Executive Vice President Corporate Banking VI Bank Mandiri Budi Purwanto. (Source : Kontan)