Bank Danamon Gandeng PNM And MUFG Bank Salurkan Sharia Financing Rp500 Billion

Rupiah illustration (Photo: dock. Antara)

JAKARTA - PT Bank Danamon Indonesia Tbk (Danamon) through the Sharia Business Unit, PT Permodalan Nasional Madani (PNM), and MUFG Bank, officially signed a sustainable sharia social financing agreement (PSSB).

The first PSSB in Indonesia (Sustainable Syariah Social Loan) is worth IDR 500 billion.

The funds will be used to finance the working capital of ultra micro funding through the PNM Program to Foster a Prosperous Family Economy (Mekaar), in accordance with the principles and conditions set in the Social Financing Framework.

As part of the Ultra Micro Holding formed by the government to empower MSMEs and Ultra Micro, PNM disburses financial capital, especially through Mekaar, a capital loan service for empowering pre-sesejahtera women who are ultra micro business actors.

In addition to financing, PNM also provides business assistance to increase customer capacity so that 3 main capitals are realized, namely financial capital, social capital, and intellectual capital.

President Director of Bank Danamon Daisuke Ejima, in his official statement said, this collaboration is an effort to support the implementation of Sustainable Development Goals (SDGs) in Indonesia, in particular the aim of creating a society Without Poverty, Decent Work and Economic Growth, and Decreased Gap. All of these goals are in accordance with POJK Implementation Guidelines No. 51/POJK 03/2017 concerning the Application of Sustainable Finances for Financial Services Institutions (LJK).

The PNM Social Financing Framework is designed in accordance with the principles of Social Securities ICMA and the Principles of Loan Market Association (LMA)/Asia Pacific Loan Market Association (APLMA)/ Loan Syndicates and Trading Association (LSTA). This guarantees the consistency of the certification process as well as the supervision of the social impact of the financing provided. PNM also appoints an independent second-party opinion provider to review the Social Financing Framework.

"We are proud to be collaborating with PT PNM in formulating the first sustainable sharia social financing framework in Indonesia dedicated to women's empowerment in Indonesia. The collaboration between PT PNM, MUFG and Danamon strengthens our commitment to become a motorcycle for positive changes in the Islamic finance sector," Daisuke said, quoted on Friday, December 15.

President Director of PT Permodalan Nasional Madani Arief Mulyadi, said that the distribution of this PSSB will have a sustainable impact. This is supported by group lending and assistance financing that we have done with Mekaar together with our 14.9 million customers, 73 percent of whom use Mekaar Syariah services," said Arief.