Fintech Amarta Comes to Ease UMKM to Obtain Loans

By : Aldo Bella Putra | Wednesday, July 26 2017 - 16:23 IWST

5166
5166

INDUSTRY.co.id - Jakarta - PT Amartha Mikro Fintek (Amartha) through its financial technology (fintech) business unit Amartha looks at the problem of Micro Small and Medium Enterprises (UMKM) that find it difficult to get loans from banks as business opportunities.

Amartha CEO Andi Taufan Garuda Putra said that Amartha's financial technology business unit (fintech) comes as a substitute for banking in getting loans to promote the community.

"The government cannot move on its own, there must be another role, Amartha is present to provide inclusive services to the community, especially the rural community, we want to eliminate the economic inequality and disparity," said Taufan in Jakarta, Wednesday (26/7/2017).

Amartha said that UMKM is one of the key drivers of the economy in Indonesia, the more Indonesians investing in MSME will automatically also advance the economy while minimizing economic imbalances.

For that Amartha innovate with microlending to realize the inclusive finance of Amartha online investment platform for the MSMEs.

Taufan explained that Amartha touches the rural community so that they gain access to venture capital even if they do not have a bank account. "Amartha provides a more affordable option with a competitive outcome share," he said.

Through the Amartha peer-to-peer platform, investment funds are also secured and investors can immediately know who will be financed like a brooch craftsman, a doorkeeper, a rengginang maker, and so on.

"If Amartha reaches out to women, who are in remote areas scattered on the island of Java," he said.

News Comment

Today's Industry

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Wireless Logic

Jumat, 28 Maret 2025 - 22:00 WIB

Wireless Logic Selected By Thales As IoT Connectivity Partner

Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Microvista Expands International Presence with Mobile CT System ScanExpress

Jumat, 28 Maret 2025 - 21:53 WIB

Microvista Expands International Presence with Mobile CT System ScanExpress

The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Pekerja Industri Tekstil

Jumat, 28 Maret 2025 - 21:44 WIB

Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year

PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…

 President Prabowo Welcomes Ustaz Adi Hidayat

Senin, 24 Maret 2025 - 20:39 WIB

President Prabowo Welcomes Ustaz Adi Hidayat, Representatives of Al Azhar University of Cairo at Presidential Palace

President Prabowo Subianto received a visit from Ustaz Adi Hidayat and representatives from Al Azhar University of Cairo at the Presidential Palace, Jakarta, on Friday (03/21). The meeting proceeded…