Bank Mandiri Records KUR Distribution Reaches IDR 19.33 Trillion As Of June 2024

Photo: Doc. Bank Mandiri

Bank Mandiri continues to actively support the government's program in developing the Micro, Small and Medium Enterprises (MSMEs) sector through the distribution of People's Business Credit (KUR). This is also a form of Bank Mandiri's consistency as a development agent to encourage MSME growth as a driving engine for economic growth in the country.

It was recorded that by the end of June 2024, the realization of Bank Mandiri's KUR distribution had reached Rp. 19.33 trillion to more than 122 thousand debtors throughout Indonesia. This achievement was 51.6 percent of Bank Mandiri's KUR target in 2024.

Bank Mandiri SEVP Micro & Consumer Finance Saptari said Bank Mandiri's KUR distribution has always been focused on business sectors that have the potential to improve people's welfare and national economic growth.

"We are committed to continuing to support the development of MSMEs as the backbone of the Indonesian economy," said Saptari in an official statement, Monday, July 22.

Saptari added that the distribution of KUR is a form of the commitment of the Government and Bank Mandiri as financial institutions in supporting the development of MSMEs. As well as being a means for banks to increase and expand access to financing for business actors in the production sector.

The Agricultural Sector is the production sector with the highest distribution throughout 2024, which is IDR 5.65 trillion or 29.24 percent of Bank Mandiri's total KUR. The Production Services sector is the next highest production sector with IDR 4.12 trillion or around 21.34 percent of the total distribution of Bank Mandiri KUR in 2024.

"The main focus of Bank Mandiri's KUR distribution is the leading production sector in each region, such as the processing industry agriculture or production services supported by synergies from all businesses, strong coordination across the network, and strategic cooperation with customers of Bank Mandiri's wholesale derivatives," he explained.

Bank Mandiri continued Saptari, is committed to achieving the target of distributing KUR in 2024 with an ecosystem-based acquisition strategy with a closed loop pattern according to regional strategies by optimizing collaboration to work on the value chain of Bank Mandiri wholesale customers.

Bank Mandiri also encourages digital optimization to accelerate services to prospective debtors, encourage the competitiveness of MSMEs by providing direct access to MSMEs to Bank Mandiri's wholesale ecosystem.

In addition, as part of a business strategy, Bank Mandiri provides digitalization services for financial transactions to support MSMEs to advance through Livin Merchant with ease of onboarding, flexibility in payment receipts and without subscription fees. This application provides easy access to banking services (access to finance) for MSME players.

Livin' Merchant can be used as a cashier application (point of sales) which immediately digitizes transaction activities and receives direct payments through QRIS facilities that can be discranked by buyers using any bank account or e-wallet. Bank Mandiri continues to expand access to financing through a referral program that is followed by service education and financial transactions through Mandiri Agents (Bank Mandiri Partner Pandai Agents) in the business ecosystem of MSME actors.

"We are optimistic that we can meet the targets set by the Government which are in line with Bank Mandiri's commitment to encourage the people's economy in Indonesia through the development of a high competitive MSME ecosystem," he concluded.