Facebook Begins To Open Registration For SME Funds

Facebook illustration (unsplash)

JAKARTA - Facebook has started to open registration for its SME Assistance Fund Program in Indonesia. Registration for this program will last until 2 November 2020.

This assistance is Facebook's support for business actors affected by the Covid-19 pandemic. The opening of registration for SMEs throughout Indonesia is based on the high enthusiasm of UKM players in Indonesia.

"Seeing the high enthusiasm of UKM players in Indonesia, Facebook opens registration for its UKM Assistance Program throughout Indonesia from today to November 2, 2020," Facebook wrote in its announcement, Saturday, October 24.

Facebook said that the UKM assistance program is available for SME entrepreneurs who meet the requirements and are registered in Indonesia. Apart from Indonesia, Facebook is committed to providing assistance to a maximum of 30,000 eligible small businesses in more than 30 countries.

The requirements that must be met by SME businesses include having 2-50 employees, having been operating for more than one year and being affected by COVID-19. Keep in mind that SME businesses must reside in a country that is located in the same area as Facebook's operational area.

After filling out the form, several files need to be provided to receive SME assistance funds from Facebook, among others, the Deed of Establishment of a Business Entity, the Deed of Recent Amendments (Attach only if there is a change in the structure of the board of directors related to your status as a registrant) from the business entity and Company Registration Certificate (TDP) or Business Identification Number (NIB) of the SME business entity.

For more information, business people can look for it on the Facebook page for business or you can also click the following link.

Facebook itself has provided assistance in the form of cash and advertising credit with a value of 100 million US dollars or the equivalent of Rp1.4 trillion to support SME businesses affected by COVID-19 around the world.

This financial assistance program can be used, among others, to ensure that workers in the SME sector can continue to work well, reduce rental and operational costs, connect with more customers, and support the community.

In reviewing incoming applicants, selecting SMEs, and distributing grants to selected SMEs, Facebook partners with Deloitte Consulting and Goodera.