Championing MSME capabilities amidst crisis

Bank Rakyat Indonesia (BRI) believes that empowering MSMEs means safeguarding the country's economic sustainability. As the largest microfinance institution in the region, BRI aims to maintain and improve its position as the leader in microfinance banking through empowerment and digitalisation efforts. One of which is by creating a hyperlocal ecosystem: ensuring that BRI is at every step of the business process for Indonesia's local commodities. Most of the nation's commodity ecosystems have problems with their cashflow liquidity due to delayed payments and inefficient business processes, as well as manual transaction records that make them prone to logging errors and unbalanced reconciliation. In addition, successors or the younger generations are starting to take over the lead in the commodity businesses from their parents or older generations. Thus, increasing the need for digital solutions to help them improve their business.