Support MSMEs Go Digital, Bank Mandiri Signs Cooperation With FishLog

Photo: Doc. Bank Mandiri

JAKARTA - Bank Mandiri continues to encourage MSME credit growth through digital services that are easily accessible to the public. This is done as part of Bank Mandiri's commitment to support Indonesia's economic growth, especially in the Micro, Small and Medium Enterprises (MSMEs) segment.

To make this happen, Bank Mandiri is working with the fisheries startup PT Chain Supply Technology (FishLog). Meanwhile, the cooperation was signed by SVP SME Banking Banking Bank Mandiri Alexander Dippo and President Director of Fishlog Bayu Mukti Anggara in Jakarta, Wednesday, September 20.

Dippo said, through this collaboration, his party hopes to expand access to financing the MSME sector and accelerate financial inclusion and the digital ecosystem between business actors. According to him, collaboration with FishLog can expand the MSME lending market and contribute to increasing the growth of MSME loans in the country, especially in the fisheries industry sector.

"Through cooperation with FishLog, Bank Mandiri will increase access to financing for MSME players in the fishery industry sector, both bankable and unreachable by conventional banks and has an adequate business scale, which is a Partner of FishLog," said Dippo.

He added that his party targets to be able to channel credit through the FishLog platform amounting to Rp50 billion and does not rule out the possibility that it will continue to grow along with the development of cooperation between the two companies. Meanwhile, until the end of August 2023, the total digital distribution of Bank Mandiri MSME loans has reached Rp973.2 billion (year to date/YtD) to more than 115 thousand debtors.

This achievement, continued Dippo, is part of Bank Mandiri's move to strengthen lending through collaboration with various digital companies and Fintech P2P Lending in the country. As a result, until August 2023, Bank Mandiri's total lending through collaboration with digital companies and Fintech P2P Lending has reached Rp 3.09 trillion to more than 227 thousand debtors.

"Bank Mandiri is committed to continuing to contribute in supporting Indonesia's economic growth, especially in the MSME sector. Through digital services and various initiatives carried out, we are optimistic that we can help MSME business actors in improving their quality and productivity," he added.

Ronald S. Simorangkir, Executive Official of Mandiri Capital Indonesia shows his enthusiasm for further cooperation between Fishlog and the Bank Mandiri ecosystem.

"Fishlog is one of the startups participating in the Xponent Batch 2 MCI program on March 16. This Xponent program was initiated as a form of our support for the Mandiri Group as well as portfolio and non-portfolio startups to stimulate business growth. We believe that this partnership can create a positive and sustainable impact for the startup, fisheries, and MSME ecosystems in Indonesia," he said.

In the future, the bank coded BMRI issuer will continue to innovate and develop digital services to make it easier for the public to access financing. Bank Mandiri will also be more active in collaborating with various parties to strengthen the digital MSME ecosystem in Indonesia.

Meanwhile, President Director of FishLog Bayu Mukti Anggara explained that his party hopes that this collaboration can serve the wider community and provide benefits to stakeholders.

"This collaboration between FishLog and Bank Mandiri can open opportunities and access at 45FishLog operating points in Indonesia to obtain financial services, in accordance with our mission to make access to digital finance that is inclusive. For this reason, we are very optimistic in collaborating with Bank Mandiri, we can continue to improve services and support the business of FishLog partners," added Bayu.

FishLog is a technology company engaged in the fishery industry, founded in 2020. FishLog is an ecosystem enabler in the fishery supply chain in Indonesia that digitizes cold storage and connects suppliers or upstream with buyers and can benefit stakeholders related to the fishery industry, including fishermen, suppliers, aggregators, cold storage owners, distributors, traders and SMEs for fishery products processing, to fish exporters.

Since its establishment until now, Fishlog has been able to build networks all over the country, namely more than 700 partners, have networks spread across more than 30 regions in Indonesia, and cooperate with more than 50 cold storage partners. FishLog has also supported the distribution of financing of more than IDR 36.5 billion from financial institutions that have collaborated with FishLog and are also supervised by the OJK.