High Market Response: Pegadaian Timor Leste Achieves Brilliant Performance
PT Pegadaian has marked a new milestone in its business journey by officially expanding into the international market. Commemorating its 125th anniversary, the company inaugurated its first overseas branch, Pegadaian Timor Leste Branch, located in Dili, Timor-Leste, on 30 March 2026.
This strategic expansion is part of a major commitment by Pegadaian, alongside the BRI Group’s Ultra Micro (UMi) Holding, to broaden the reach of cross-border financial inclusion. The presence of Pegadaian in Timor Leste aims to build an integrated financial ecosystem, complementing the services of PT Bank Rakyat Indonesia (Persero) Tbk, which has been operating there since 2017, while serving as a strategic partner in driving local grassroots economic growth.
Within just two months of official operations, Pegadaian’s international business in Timor Leste has shown a very positive growth trend. The availability of fast, secure, and easily accessible financing solutions has received an extraordinary response from the community, particularly from MSME entrepreneurs in Dili.
This high market acceptance is reflected in the performance during the first two months of operation up to May 2026, where pawn credit services successfully processed more than 600 transactions, with total financing turnover surpassing USD 329,882.
This impressive development proves that the pawn business model implemented by Pegadaian is highly relevant to the financial needs of the Timorese people, who require short-term liquidity without complicated procedures.
As a tangible manifestation of its corporate social responsibility, PT Pegadaian also launched the ‘Gadai Peduli’ (Caring Pawn) programme in Timor Leste on 1 April 2026, coinciding with its 125th anniversary. This innovative programme is specifically designed to alleviate the economic burden on the community for urgent needs, such as education and healthcare costs. Through a community-oriented collateral scheme, the programme offers interest-free loans (zero per cent) for a full two-month period for loan ceilings up to USD 100.
Public enthusiasm for this programme has been high, with total disbursements under the Gadai Peduli programme reaching USD 6,406 by the end of May 2026. Through this initiative, Pegadaian is not merely pursuing business profitability but is actively contributing to building an inclusive financial ecosystem and empowering the economy of Timor Leste.
The President Director of PT Pegadaian, Damar Latri Setiawan, stated that the operational success in Dili is the initial step in the company’s long-term vision to become a major player in the pawn and gold industry at a regional level.
“Pegadaian’s presence in Timor Leste carries a grand mission to provide heartfelt service to improve financial literacy and inclusion. We are not only providing conventional pawn products but are also continuously innovating to present product diversification tailored to the characteristics and needs of the local community,” said Damar, as quoted on Wednesday (3/6/2026).
Moving forward, PT Pegadaian is committed to maintaining the operational stability of its Timor Leste branch and ensuring a positive contribution alongside the BRI Group. The success in Timor Leste is also projected to serve as a strategic blueprint for Pegadaian to explore expansion opportunities in other potential countries within the ASEAN region in the future.