KB Bank provides 500 billion rupiah financing to PNM to support access to capital for micro-enterprises

Micro and ultra-micro entrepreneurs represent a crucial foundation for Indonesia’s economy.

Jakarta (ANTARA) - PT Bank KB Indonesia Tbk (KB Bank) has provided a financing facility worth 500 billion rupiah to PT Permodalan Nasional Madani (PNM) to expand access to financing for micro and ultra-micro business operators in Indonesia.

According to KB Bank, this step also simultaneously reinforces its commitment to applying environmental, social, and governance (ESG) principles, particularly in promoting financial inclusion and community empowerment.

“Micro and ultra-micro business operators represent an important foundation for Indonesia’s economy. Through collaboration with PNM, KB Bank not only expands access to financing but also fulfils our ESG commitment by encouraging inclusive economic growth and community empowerment at the grassroots level,” stated KB Bank Director Widodo Suryadi in a statement received in Jakarta on Monday.

Widodo believes that PNM plays an important role in reaching segments of society that have previously had limited access to formal financial services.

Furthermore, this financing will support PNM’s economic empowerment programmes, including the Mekaar programme (Fostering Family Prosperous Economy), which has reached millions of disadvantaged women across various regions of Indonesia.

To date, the Mekaar programme has reached more than 22.9 million disadvantaged women across 60,250 villages throughout Indonesia.

It is worth noting that PNM not only provides access to financing but also offers business mentoring to its clients to improve their business capacity and ensure business sustainability.

KB Bank stated that this collaboration reflects the company’s strategy in channelling financing to sectors that provide sustainable social impact whilst strengthening the financing ecosystem that supports the growth of micro-entrepreneurs across various regions.

The company stated that this collaboration also strengthens KB Bank’s role as a financial institution that practises responsible banking and supports the national agenda in enhancing financial inclusion and community economic empowerment.

Going forward, KB Bank and PNM will continue to explore collaborative opportunities to expand access to financing, improve financial literacy, and promote broader community economic empowerment.