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Bank Mandiri expects micro-credit growth
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A worker moves banknotes at the cash center in Plaza Mandiri in Jakarta on Aug. 23. (Antara/Akbar Nugroho Gumay)
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tate-owned lender Bank Mandiri is hoping to reach micro-credit growth of 28 percent to Rp 65 trillion (US$4.9 billion) by the end of the year.
The bank's target is based on solid growth it experienced over the past three years, with an average annual growth of 20 percent since 2014. Bank Mandiri's micro-credit portfolio makes up almost 17.43 percent of the whole industry.
Mandiri data shows that the bank's micro-credit disbursement reached Rp 54.3 trillion, a 17.9 percent year-on-year growth.
"We gradually want to increase the disbursement of funds to the micro segment, particularly in productive sectors such as agriculture, fisheries and mining, which make up 58.67 percent of our portfolio," Bank Mandiri corporate secretary Rohan Hafas said on Sunday.
He further said that in order to reach that target, Bank Mandiri would implement several strategies, including increasing the number of Mandiri Micro unit branches across Indonesia.
Bank Mandiri is seeking to take advantage of its 1.2 million customers as partners in either development or target market.
Rohan explained that such synergy had been proven to effective and efficient in boosting the productivity of micro businesses. (ebf)
