Bank Mandiri And OttoDigital Collaborate To Expand Financing Access For MSMEs

Photo: Doc. Bank Mandiri

JAKARTA - As a change agent, Bank Mandiri consistently encourages micro, small and medium enterprises (MSMEs) to increase business competitiveness capacity so as to encourage economic growth and employment. One of the things done by the bank codenamed BMRI shares is through strengthening cooperation with OttoDigital in lending to the MSME segment.

OttoDigital is a digital venture for the Salim Group ecosystem through the business line of PT Reksa Transaksi Sukses Makmur, as an aggregator who already has a permit from Bank Indonesia. To provide comprehensive convenience and in accordance with the needs of MSMEs, OttoDigital has the OttoPay application for business management for partners with various service features. Starting from the provision of wholesale goods, selling digital products, receiving non-cash payments, recording digital transactions, to business development capital.Senior Executive Vice President Micro & Consumer Finance Bank Mandiri Josephus K. Triprakoso stated that this collaboration is in the form of providing productive loan services Dana Tanangan Mandiri which is intended for MSME business actors in the OttoDigital ecosystem. "This loan provides flexibility for the use of limits that are always ready to be used whenever, repeatedly during the bailout fund is available. Through collaboration with OttoDigital, Bank Mandiri will increase access to financing for Micro business actors in the Consumer Goods sector which has used the OttoPay platform to support its business transactions," said Josephus in Jakarta on Thursday, December 21.

Through this collaboration, Bank Mandiri will support the capital needs of Ottopay's partners to add stock, which is currently in the range of IDR 2 million to IDR 4 million every week. With a revolving credit scheme, every Ottopay Partner will have the opportunity to use its facilities repeatedly, digitally processed, without having to come to the Bank branch.

Josephus added that the current credit disbursement target is IDR 50 billion. He continued, this value is likely to continue to grow along with the development of cooperation between the two companies.

"We welcome this collaboration in line with OttoDigital's mission as a digital ecosystem solution for technology-based financial and non-financial service providers for Micro and Modern business actors, employees and the general public. The presence of a fast, easy and safe bailout fund service from this collaboration can meet the needs of MSME business actors in developing a business," explained Chief Executive Officer (CEO) Otto Digital Theodorus Wiryawan.

The Mandiri bailout fund offers several benefits. Starting from the submission process, it can be done at any time through an application with a submission limit of up to Rp. 25 million. The requirements are easy just by providing personal data, and uploading e-KTP documents, as well as selfies (selfies). In addition, MSME partners can use credit facilities after the credit agreement is signed digitally. Loan bailout funds can be used many times as long as the limit is still there and there are no arrears in payments from previous loans.

"We focus on building the growth of the digital ecosystem, especially MSME players by connecting sellers to buyers, as well as connecting sellers to various financial and non-financial products. This bailout fund service helps the capital turnover so that it is possible to meet the stock needs of merchandise at any time and use funds for business development many times," added Grace Sunarjo, Director OttoPay.

This collaboration is also expected to contribute to financial inclusion growth while at the same time inviting more parties to be involved. Technological innovation will continue to be carried out in maximizing the digital technology already used by micro-enterprises, in order to get other thoroughly integrated benefits that are not limited to access to business capital alone. "OttoDigital is a financial technology partner that builds a digital transaction ecosystem, non-cash and financial payments for business actors. This collaboration is a form of our efforts to diversify our loans and serve grocery shop owners by providing access to digital financing to meet their needs," concluded Josephus.Bank Mandiri plays an active role in supporting sustainability efforts through the expansion of access to financing (access to finance) in the MSME segment, this is in line with the government's steps in supporting inclusive financing in accordance with POJK on the Application of Sustainable Finance. Bank Mandiri, also has an aspiration to play an active role in supporting the achievement of the national sustainability target, with the vision of 'Becoming Indonesia's Sustainability Champion for a Better Future'.

This strong commitment is realized through the distribution of Sustainable Portfolio, which has reached around 25 percent of the total bankwide credit as of September 2023. Even specifically for social portfolios, Bank Mandiri has disbursed financing of IDR 131 trillion.