Indonesia state-owned lender Bank Negara Indonesia and Banyuwangi Regency in East Java are teaming up to launch an e-commerce entity, Banyuwangi-Mall.com, that will enable micro, small and medium enterprises to market their products online. Meanwhile, venture capital firm Sampoerna Wirausaha, known as Mekar, owned by Sampoerna Group, has signed agreement with Indonesian Young Entrepreneurs Association to provide loan to micro, small and medium enterprises.
Indonesia’s BNI, Banyuwangi Regency launch Banyuwangi-Mall.com
The Banyuwangi-Mall.com is the first marketplace in Indonesia that would make it easier for products from the region to tap national and international market through online channel.
The e-commerce marketplace was launched on March 20 by Banyuwangi Regency Head Abdullah Azwar Anas, BBNI President Director Achmad Baiquni, and witnessed by the Indonesian State Owned Enterprises Minister Rini Soemarno.
To facilitate easier payments, BNI provides a number of e-payment schemes such as BNI Debit Online, BNI SMS Payment, BNI VA Payment, BNI Credit Card and others.
Indonesia’s venture capital Mekar, business group to provide loan to SMEs
Venture capital firm Sampoerna Wirausaha, known as Mekar, owned by Sampoerna Group, has signed an agreement with Indonesian Young Entrepreneurs Association to provide loan to micro, small and medium enterprises.
To start with, MEKAR and HIPMI will launch a pilot project for HIPMI members in greater Jakarta area. In order to be eligible to get the financing, the borrower must have operated his or her business for a minimum of year, have bank account, turnover of between Rp50 million to Rp1.5 billion, both informal and registered or formal entities.
Mekar was established by Indonesian tycoon Putera Sampoerna, and his partner Charles Nagy in 2010. The company claimed to be the first peer-to-peer (P2P) web-platform in Indonesia, by bridging the gap between SMEs and investors. However, the company then decided to stop the P2P services arguing that Indonesian individual investors are not ready yet to provide investment through web-platform.
In 2015, the company then launched Mekar 2 project, through which the company provide financing to SMEs through agents and mobile technology. HIPMI said in a statement that MEKAR will provide micro lending to MSMEs from as low as Rp20 million to Rp500 million.
Mekar said this year, the company will launch crowd-funding platform as means for institutional investors to invest in MSMEs and followed by crowd-funding platform for individual investors in 2017.
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