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Jakarta Post
The Jakarta Post
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Combining 'waqf', fintech and venture capital

  • Fauziah R Yuniarti and Hasan Alatas
    Fauziah R Yuniarti and Hasan Alatas


Jakarta | Tue, September 5, 2017 | 01:40 pm
Combining 'waqf', fintech and venture capital Small and medium enterprises (SMEs) participate in an expo at the Jakarta Convention Centre in Jakarta. (Kompas/Heru Sri Kumoro)

PREMIUM Contributing 60 percent to the gross domestic product (GDP) and 97 percent to the national workforce, small-and medium-scale enterprises (SMEs) are the backbone of the Indonesian economy. Despite their crucial roles, SMEs are still facing persistent issues.

The first issue is that SMEs have limited access to finance. Until 2014, from nearly 60 million SMEs, only 30 percent had acces...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.