Bank Mandiri Teams up with Fishlog as Part of its MSME Promotion Efforts

Indonesia-based Bank Mandiri has continued to promote MSME (Micro, Small, and Medium Enterprises) credit growth through easily accessible digital services. This is part of Bank Mandiri's commitment to assisting Indonesia's economic growth, particularly in the MSME sector.

Bank Mandiri is collaborating with PT Rantai Pasok Teknologi (FishLog), a fisheries startup. On 20 Sep, the collaboration was signed in Jakarta by the bank's SVP SME Banking Alexander Dippo and Fishlog's CEO, Bayu Mukti Anggara.

Dippo said that through this collaboration, they hope to expand access to financing for MSMEs and accelerate financial inclusion and digital ecosystem among business players. According to him, the collaboration with FishLog can expand the market for MSME credit distribution and contribute to the growth of MSME credit in the country, especially in the fisheries sector.

"Through collaboration with FishLog, Bank Mandiri will increase access to financing for MSME players in the fisheries industry, regardless of whether they are bankable or not reachable by conventional banking and have a sufficient business scale," Dippo said in a statement.

He added that they hope to disburse IDR 50 billion ($3.25 million) in credit through the FishLog platform, with the possibility of increasing it as the two companies' collaboration grows. By the end of August 2023, Bank Mandiri's total digital MSME credit disbursed to more than 115,000 borrowers had reached IDR 973.2 billion (year to date).