September 25

Bank Mandiri Partners with FishLog to Expand MSME Financing in Indonesia

By Jofie Yordan

Indonesia’s Bank Mandiri has partnered with local aquaculture startup FishLog to expand financing access for MSMEs, particularly in the fisheries sector.

Alexander Dippo, senior vice president of SME banking at Bank Mandiri, said that through the collaboration, the bank aims to disburse 50 billion rupiah (around US$3.2 million) in credit through FishLog. The total amount could increase in the future, depending on demand.

Photo courtesy of Devi Puspita Amartha Yahya.

Source: Tech in Asia (link opens in a new window)

blue economy, MSMEs, supply chains