BNI Entrusted with Rp 38 Trillion for the People's Business Credit Program

JAKARTADAILY.ID – This year, state-owned Bank Negara Indonesia (BNI) was entrusted with Rp 38 trillion to distribute in the People's Business Credit program (KUR), according to a press release published by the bank on Wednesday.

People's Business Credit is a special program for the Indonesian government to channel financing to small business owners with limited economic capacity. The Indonesian government has set the KUR this year to reach at least Rp 373.17 trillion or a 30.9 percent jump from last year at Rp 285 trillion.

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"We are quite confident that the distribution of KUR will be in accordance with the government's allocation. Moreover, we see BNI's KUR demand and performance are very good," BNI Institutional Director Sis Apik Wijayanto said in the press release.

The Director added that the KUR allocation for BNI will be used to help maintain the growth momentum of BNI's MSME segment, which is currently experiencing a strong increase in credit demand. BNI will also utilize the KUR allocation to encourage the growth of small businesses in the commodity sector in 8 leading clusters. This is in line with the direction of the government to build a strong Small and Medium Enterprises (SME) sector through a cluster strategy.

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"Through this strategic approach, we believe we can increase our contribution in encouraging the realization of the financing target for MSMEs by 30 percent in 2024 in accordance with what has been announced by the government," he said.

Furthermore, Sis Apik said, BNI as an international bank has its own strategy in developing the MSME segment. The company focuses on encouraging MSMEs to go productive, go digital, and go global. This means that BNI is more focused on improving the performance of MSMEs, encouraging this segment to move up a class, increasing its digital adoption, and opening up greater opportunities for exports.

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"BNI also encourages ecosystem-based and supply chain-based financing to ensure more sustainable growth of MSME performance. We also have a coaching and development program for MSMEs to answer all the issues they face, including the credit process, technology, and business governance capability development," he said. (*)