Inaugurates Loan Channeling Collaboration, Investree and BPR Lestari Target Wider SME Empowerment in Indonesia

Inaugurates Loan Channeling Collaboration, Investree and BPR Lestari Target Wider SME Empowerment in Indonesia

After last month inaugurating a loan channeling partnership with a digital bank, this September, Investree as a fintech lending pioneer which is now developing into an integrated digital business solution for SMEs announced a partnership with PT BPR Lestari Bali or called BPR Lestari which is a People's Credit Bank. (BPR) from Denpasar, Bali. This has made BPR Lestari one of the Investree Institutional Lenders with the same goal of implementing efforts to empower Small and Medium Enterprises (SMEs) in Java, Bali and Indonesia during the current economic recovery.

Encountered during the signing session of the collaboration between Investree and BPR Lestari which was carried out offline, closed, and with strict health protocols at the BPR Lestari Teuku Umar Office, Denpasar, Bali, Investree's Co-Founder & CEO, Adrian Gunadi, said, "Since the first time opening funding options for Institutional Lenders, Investree has never limited institutions/companies from certain industries to join, including banks. We open opportunities for various types of banks to collaborate including Rural Banks. With BPR Lestari, we see that there is a common vision and mission to increase financial inclusion and of course help SMEs to survive and be resilient during the pandemic. This synergy also supports BPR Lestari which is moving or transforming towards digital. Of course, this helps break the notion that fintech is a good competitor. In fact, we complement banking functions, especially in fulfilling public demand for more practical access to financing."

On the same occasion, Chairman of the Lestari Group, Alex P. Chandra or who is familiarly called APC, said, "We are grateful that BPR Lestari has finally received the "green light" to participate in a digital game that is currently developing rapidly. After building mobile banking and a merchant ecosystem through Lestari Discounts, we are now starting to collaborate with fintech-fint platformsech is selected, one of the best is Investree. In this initial phase, Investree will become one of the many fintech providers that BPR Lestari is collaborating with to form the BPR Lestari digital ecosystem. Regarding the process, the collaboration we have with Investree is not only aimed at supporting the growth of SMEs in Bali in terms of financing, but also SMEs outside Bali who need easy and fast loan support. So the range of services will be very broad. BPR Lestari from Bali will be able and freely fund SMEs outside Bali, Java Island, to all of Indonesia which is included in the scope of Investree platform services."

The channeling scheme has the definition of providing credit/financing from a lending bank (in this case BPR Lestari) to the recipient party (in this case SME actors or Borrowers at Investree) through an intermediary, namely Investree. Apart from adding strength to the ranks of Institutional Lenders owned by Investree, this collaboration is also the second synergy carried out by Investree with BPRs in Indonesia (previously with BPR Supra Artapersada). From this collaboration, BPR Lestari has the potential to expand the scope of financing and increase their competitiveness as a bank. Under the auspices of the Lestari Group and together with 7 other affiliated BPRs located on the island of Java, BPR Lestari recorded total group assets of IDR 8,1 trillion. Carrying out the big mission of "National Presence", BPR Lestari is moving to further expand its services outside Bali. The presence of digital products has also begun to be launched to facilitate various banking transactions. Such as the LestariMobile mobile banking service, discount facilities at thousands of LestariDiskon merchants, and various other digital facilities that are currently in the process of being finalized.

This collaboration makes it easier for BPR Lestari as a Lender or Institutional Lender to fund loan offers submitted by Borrowers, the majority of whom are SME activists from various business sectors through the Investree platform. Especially for business entities that have not met banking requirements in obtaining financing. From each fact sheet that will be provided by Investree, BPR Lestari will choose a loan offer according to their preferences and risk profile. For now, the distribution of financing will not be limited to certain business fields or sectors. This means that borrowers from any line of business have the opportunity to be financed by BPR Lestari. And in this collaboration, BPR Lestari is committed to providing a loan disbursement figure of IDR 10 billion. However, in accordance with regulatory provisions, the financing value of each loan remains a maximum of IDR 2 billion.

In order to maintain cooperation between Investree and BPR Lestari and to consolidate financial support for SMEs in the long term, Investree is committed to always applying comprehensive, transparent credit assessments and relying on a modern system. This is to ensure only good quality loan offers are offered to Institutional Lenders for them to fund. That way, in the future it is hoped that Investree will continue to be able to increase the volume of financing disbursement with measurable risk management.

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