BRI MSME Credit Reaches IDR 1,068.7 Trillion

BRI bank (Photo: dock. Antara)

JAKARTA - Until the end of December 2023, PT Bank Rakyat Indonesia (Persero) Tbk. recorded that BRI's MSME credit portfolio reached IDR 1,068.7 trillion or grew 10.7 percent year on year compared to the same position in 2022, which was IDR 965.3 trillion.

"This means that within one year, BRI recorded a new loan disbursement to MSMEs of Rp. 103.4 trillion," said BRI Deputy President Director Catur Budi Harto in an official statement, Wednesday, February 7.

Catur added that this growth was recorded higher when compared to the credit growth of MSMEs in the national banking industry, which was 7.9 percent in 2023.

When compared to BRI's total credit portfolio, BRI's MSME loans have a proportion of 84.4 percent.

BRI's success in accelerating financing the MSME segment was followed by various empowerment programs aimed at encouraging MSME players to advance to class. For example, the BRILiaN Village program, which is a village empowerment program that aims to produce role models in village development through the implementation of superior village leadership practices and the spirit of collaboration to optimize the potential of the village based on SDGs. Villages that are members of the BRILiaN Village program are expected to be a source of inspiration for village progress that can be replicated to other villages.

Another empowerment program carried out by BRI is through the BUMN House. The BUMN house is an initiative from the Ministry of SOEs and BUMN Companies to empower the people's economy, especially MSMEs which are centers of literacy and business incubation. Since it was first founded in 2017, 54 BRI-owned BUMN Houses have been spread throughout Indonesia.

From the beginning of its formation, there was a significant growth in the number of MSMEs registering from year to year. As of December 2023, 418,588 MSMEs have been registered with 12,232 number of trainings. This number has increased 3 times compared to 2019.

BRI also has another MSME empowerment program that has a massive impact on MSME efforts to go global and go international, namely BRILIANPRENEUR EXPO (RT) MSMEs. At the BRILIANPRENEUR 2023 MSME event, it was recorded that it managed to record a business matching sales value of 81.3 million US dollars or around Rp1.26 trillion (assuming an exchange rate of Rp15,500 per US dollar). The business matching was carried out by 86 buyers from 30 countries (from the target of 80 buyers from 25 countries), including those from Australia, Canada, Taiwan, Australia, Singapore, Malaysia, and the UAE or the United Arab Emirates along with 85 MSME participants.