Indonesia Dealbook: Banyuwangi-Mall.com launched, Mekar offers loan to SMEs

Chief Executive Officers MEKAR Thierry Sanders - Photo by HIPMI

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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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.