JAKARTA - Based on data from the Ministry of Cooperatives and Small and Medium Enterprises (Kemenkop UKM) in March 2021, the number of Micro, Small and Medium Enterprises (MSMEs) in the country has reached 64.2 million with a contribution to Gross Domestic Product (GDP) of 61.07 % or Rp8,573.89 trillion. In order to support strengthening contributions while developing the competitiveness of MSME actors in Indonesia, especially from the micro sector, fintech lending pioneer Investree has expanded its productive loan products by launching Micro Business Loans.
Micro Business Loans are intended for micro entrepreneurs (individuals/individuals) who have simple businesses or businesses in various fields, such as fish cultivators, grocery store owners, home laundry managers, and the like. This form of loan is unique because to be able to channel loans to micro-entrepreneurs, Investree will first cooperate with the ecosystem that houses these entrepreneurs. Submissions to loan repayments are monitored directly by Investree and partners. Thus, Investree ensures that the lenders' funding is more risk-measurable.
Investree's Co-Founder & CEO, Adrian Gunadi, said, "The expansion of this loan product is one of the strategic steps that Investree is taking towards the age of 7. In line with one of Investree's strategies in 2022, namely strengthening the ecosystem-driven business model - reaching a wider customer segment, especially micro-enterprises. Through Micro Business Loans, Investree invites friends who own ecosystems/platforms as well as potential partners to work together to provide easy, fast, and digitized access to loans for micro-entrepreneurs from Sabang to Merauke.”
This type of loan pilot project has actually been running since the 4th quarter of 2020, where during the pandemic period, Investree inaugurated a financing collaboration with one of its strategic partners, eFishery. In the early stages, Investree supported the “Kasih Bayar Nanti (Kabayan)” program as the main component of the eFisheryFund. eFisheryFund is a digital platform with financing facilities offered by eFishery in collaboration with Investree, and is specifically designed for cultivators. It includes the Kabayan feature in the form of an installment program that can be used by farmers to obtain eFishery products such as auto-feeders and fish feed. Now, the collaboration between Investree and eFishery is entering a new phase by relying on digitalization.
The positive synergy carried out by Investree and eFishery is expected to be able to encourage the potential of MSMEs in the marine and maritime sector so as to create a better digital ecosystem. Furthermore, through the launch of this Micro Business Loan, Investree is committed to continuing to create innovations that can make it easier for micro entrepreneurs to gain access to finance, especially digital-based ones. In accordance with the #KollaborasiuntukTumbuh campaign, Investree's spirit is to help MSMEs grow their businesses and make them more resilient in facing all challenges, while increasing real financial inclusion. (LM)