FIFGROUP Launches FINATRA a Working Capital Financing for MSMEs

JAKARTADAILY.ID – The retail financing company PT Federal International Finance (FIFGROUP) which is also a subsidiary of PT Astra International Tbk presents its newest brand service, namely FINATRA.

FINATRA is a productive financing brand from FIFGROUP that is present as a financial solution for Micro, Small and Medium Enterprises (MSMEs) who want to grow their business. Its provides easy access to business capital for MSME actors who have good backgrounds and have the desire to move forward.

FIFGROUP's Chief Executive Officer (CEO), Margono Tanuwijaya said, FINATRA was born as an effort to support the Government of Indonesia to promote MSMEs in Indonesia. This is in line with the direction of the President of the Republic of Indonesia, Joko Widodo in improving the community's economy.

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 "Citing data from the Ministry of Cooperatives and MSMEs, as much as 61.97 percent of Indonesia's Gross Domestic Product (GDP) is a contribution from MSMEs. In addition, the MSME sector is also the largest absorber of labor, amounting to 97 percent. The presence of FINATRA is expected to increase the stimulus and strengthen the revival of the Indonesian economy," said Margono in a press statement received by JakartaDaily, Saturday, July 23, 2022.

FIFGROUP's Microfinancing Division Head, Cicilia Tri Hapsariningtyas, stated that FINATRA offers various facilities for MSME players.

“At FINATRA, MSME players can get access to business capital financing by applying for a ceiling starting from Rp 25 million to Rp 250 million with a maximum tenor of 5 years. In addition, FINATRA also offers a fast financing process with a maximum duration of 3 days," said Cicilia.

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Furthermore, Cicilia added, in the process of applying for FINATRA business capital financing, MSME actors can use the Motorized Vehicle Owner's Book (BPKB) for four-wheeled or two-wheeled vehicles as well as a certificate of ownership of a property.