JAKARTA - Access to finance is still a challenge to encourage the progress of Micro, Small and Medium Enterprises (MSMEs) and warung partners. For this reason, PT Solusi Sinergi Digital Tbk (WIFI) or Surge collaborated with Bank Negara Indonesia (BBNI) to provide a People's Business Credit (KUR) financing facility. With Surge's collaboration with BNI, MSME partners and warung partners can access financing at a very low interest rate of 6% per year, with a tenor of up to 3 years. The big hope is that this program can encourage millions of business partners of MSMEs and stall partners to upgrade and arouse the passion of microeconomics throughout Java.
Surge, through its subsidiary, PT Jaringan Logistik Indonesia (JLI), currently manages dozens of Village Unit Cooperatives (KUD) warehouses. In just 7 (seven) months of operation, Surge has had more than 22 thousand partners (both MSMEs and stall partners) who sell people's daily basic needs at affordable prices. This collaboration will certainly boost Surge's revenue performance due to the growing activity and transaction volume of MSMEs that are Surge's partners.
Surge CEO Hermansjah Haryono said, “Since early 2021, Surge has been encouraging the growth of micro-economy in the regions with a consignment program with thousands of MSMEs and local food stall partners. With ease, MSME partners and warung partners can buy stocks of daily staple goods through Linistore at very competitive prices. Through financing facilities through the BNI KUR program, MSME partners and warung partners will find it easier to enlarge their business scale. Together with BNI and several other banks, we are targeting more than 5 million MSME partners and warung partners who can access this cheap loan facility and advance the regional economy through technology.”
To be able to access this facility, MSME partners and warung partners must first be registered and transact on the distributor marketplace application from Surge, Linistore. Surge also opens up opportunities for MSMEs and warungs, both those whose businesses have just started and those that are already running, to join as partners. Surge will curate MSME partners and stall partners based on daily sales data and provide these re