Facilitating Merchants to Purchase Kiosks, BCA Disburses Rp20 Billion Loans via PT Askara Bangun Cemerlang

Tangerang, 12 November 2018 – As the largest private banking institution in Indonesia, PT Bank Central Asia Tbk (BCA) continues to enforce its commitment to help boost Indonesia’s economic growth. This commitment was manifested through a partnership with PT Askara Bangun Cemerlang (ABC) to ramp up small business microloans (KUK) facility to kiosk buyers at Pasar Gudang Tigaraksa, Balaraja, Tangerang.

Attending the signing ceremony between BCA and PT Askara Bangun Cemerlang was Head of BCA Regional Office XII Freddy Suliman, Senior Vice President of Commercial Business & SME of BCA Elvriawati Tumewah, Commissioner of PT Askara Bangun Cemerlang Fredy Candra, Director of PT Askara Bangun Cemerlang Andreas Handoyo Muliono in Tangerang, Monday (12/11). Freddy Suliman said that the business credit ownership program will facilitate merchants to obtain a kiosk at Pasar Gudang Tigaraksa, Balaraja, Tangerang, in order to optimize the development of small businesses at Pasar Gudang Tigaraksa.

“The existence of traditional markets, which has been the beating heart of economy for the low-middle income community, must be protected in the midst of increasing prevalence of supermarkets and international retails. Furthermore, traditional markets are of vital importance to the foundation of our national economy. Accordingly, BCA, as a banking institution that is always by the people’s side, is commited to restoring the life of traditional markets for the welfare of the people through loan distribution,” explained Freddy.

Small business microloans (KUK) facility provided in this scheme is in the form of investment credit, with an allocated budget of Rp20 billion. BCA will act on the reference made by PT Askara Bangun Cemerlang and disburse a loan facility based on a loan agreement adjusted to the financing needs and capabilities of each merchant.  

In this loan facility, BCA disburses microloans to all qualified merchants whose applications are approved.  The period of the facility is maximum of 5 years, starting from the date of the signing agreement between BCA and the applicant. The loan facility provided here is a maximum of 75% of the kiosk value and a maximum of Rp90 million.

As of the end of September 2018, BCA recorded an outstanding performance in the MSME segment, grew significantly by 23% YoY, reaching Rp60 trillion, 12% of the total credit. BCA continues to work on the supply chain financing of BCA’s corporate debtors, provide business loans, and work with subsidiaries and other financial institutions.

“We certainly hope that this partnership can contribute to expanding business network for the distribution of BCA’s Small Business Microloans (KUK) as well as facilitating financial access for MSMEs, especially kiosk merchants. Furthermore, PT Askara Bangun Cemerlang is working on the revitalization project of Pasar Gudang Tigaraksa. Therefore, we also believe that this partnership can help secure merchants’ business continuity at Pasar Gudang Tigaraksa. In addition, on behalf of the entire management of BCA, we would like to congratulate Pasar Gudang Tigaraksa for its running operation," Freddy Suliman concluded.

BCA Disburses Rp20 Billion Loans via PT Askara Bangun Cemerlang – Head of BCA Regional Office XII Freddy Suliman (second left) accompanied by Senior Vice President of Commercial Business & SME of BCA Elvriawati Tumewah (third left), Head of Main Branch Office of BCA Wahid Hasyim Anwari (right) together with Commissioner of PT Askara Bangun Cemerlang Fredy Candra (second right), Director of PT Askara Bangun Cemerlang Andreas Handoyo Muliono (third right), President Director of PD Pasar Niaga Kerta Raharja Jamaludin (left) after signing the Right to Use Business Space at Pasar Gudang Tigaraksa between  BCA and PT Askara Bangun Cemerlang in Tangerang, Monday (12/11). Through the partnership, BCA collaborates with PT Askara Bangun Cemerlang to ramp up small business microloans (KUK) facility to kiosk buyers at Pasar Gudang Tigaraksa. The facility provided in this scheme amounted to Rp20 billion, with maximum loan of Rp90 million for each trader.