Show Its Commitment, BRI Continuously Provides Capital Support for UMKM Players

Kapanlagi.com - Along with the National UMKM Day on August 12, 2023, PT. Bank Rakyat Indonesia (Persero) Tbk or BRI once again shows its commitment in supporting the development of domestic UMKM.

This can be seen from BRI's consistent efforts to provide assistance and capital to its customers, as well as product development and digitalization efforts for UMKM players.

BRI's Micro Business Director, Supari, said that in providing UMKM credit, BRI prioritizes empowerment that directly helps and encourages the improvement of the capabilities of these business players.

"Currently, the company increasingly considers the micro segment, including UMi (Ultra Micro), as its core business. BRI is optimistic that the micro segment can contribute 45% of the total financing portfolio," he said.

This is inseparable from BRI's role assigned by the government to focus more on the UMKM segment, where the government aims to increase national banking financing to the UMKM sector to 30% by 2024. It is proven that in the first quarter of 2023, BRI recorded credit growth in the UMKM sector.

Credit disbursement for the UMKM segment in this period reached Rp989.6 trillion, so BRI's UMKM credit share has reached 83.86%. This value increased compared to the same period last year, which was Rp903.3 trillion.

As for BRI's total credit, it has reached Rp1,180.1 trillion in the first quarter of 2023, up from BRI's total credit portfolio in the same period last year, which was Rp1,075.9 trillion. In terms of details, BRI's credit growth is supported by the micro segment with a growth rate of 11.18% YoY.

In addition, the consumer segment also grew by 13.7% YoY, the small segment by 2.1% YoY, and the medium segment by 16.2% YoY. Growth in the MSME segment is accompanied by consolidated profit growth (BRI Group) of 27.37% year on year (yoy) to Rp15.56 trillion in the first quarter of 2023. The assets of BRI Group grew by 10.46% yoy to Rp1,822.97 trillion.

Supari added that in the future, BRI will continue to focus on financing in the MSME sector. Moreover, BRI as the parent company of UMi Holding, which needs to pay more attention, will continue to encourage the improvement of entrepreneurs' capabilities and businesses.

Through the holding or synergy of the UMi ecosystem between Pegadaian, PNM, and BRI, it is expected to provide new hope for ultra-micro communities by expanding the network of SENYUM (Ultra Micro Service Center) Co-location Units and deepening the range of formal financial products and services.

UMi Holding ensures that ultra-micro business actors have fair and inclusive knowledge, abilities, and opportunities for access to financial services, thus enabling them to elevate their status as ultra-micro business actors.

(kpl/glo)