Bank BRI (IDX: BBRI), has announced its commitment to support the MSME sector 
in Indonesia to empower the ultra-micro sector at the BRI Microfinance Outlook 
2022 on February 10, 2022. The event was attended by Sri Mulyani, Minister of 
Finance; Airlangga Hartarto, Coordinating Minister for Economic Affairs; 
Kartika Wirjoatmodjo, Deputy Minister of State-Owned Enterprises; and Sunarso, 
President Director of BRI.

Strengthening the MSME, especially the ultra-micro sector, has marked the main 
discussion at the BRI Microfinance Outlook 2022. There are 45 million 
ultra-micro businesses in Indonesia, of which 30 million of them still do not 
receive formal financial services.

The number of micro-enterprises, which account for 98.7% of MSMEs in Indonesia, 
is the backbone of the national economy as it contributes to the absorption of 
89.04% of the workforce and 37.35% of the 2019 GDP.

Therefore, the potential of the ultra-micro sector must be increased. The 
strong efforts will also reflect the G20 2022 theme, Recover Together, Stronger 
Together.

"We formed the Ultra Micro Holding with a rights issue process that can be 
absorbed by Rp95.9 trillion, providing BRI strong liquidity and capital that 
can grow in an integrated ecosystem," said Sunarso.

Airlangga Hartarto also added that lending to the ultra-micro sector 
accelerates businesses to 'grade up' and support the stimulus provided by the 
government.

Meanwhile, Sri Mulyani explained there needs to be an integrated data 
management. "So good intentions and noble goals must be prepared with a 
reliable integrated data system that can be accounted for. With better 
integration, unbankable ultra-micro sector will be reached," said Mulyani.

Kartika Wirjoatmodjo emphasized the importance of data integration as a key 
factor for targeting accuracy. Not only credit, BRI Group also ensures 
sustainability for businesses.

Sunarso has confirmed the readiness of the data integration and the Ultra Micro 
Holding system with strong liquidity and capital to expand into the ultra-micro 
sector. This is evidenced by the number of Ultra Micro Holding customers as of 
December 2021 amounting to 25.2 million and is targeting 45 million ultra-micro 
businesses in 2024.

For information about Bank BRI, visit: www.bri.co.id. 

Source: PT Bank Rakyat Indonesia Tbk (BRI)

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   Caption: Sunarso, BRI President Director at BRI Microfinance Outlook 2022 on 
February 10, 2022