Bank Jateng Establishes Cooperation with Amartha Micro Fintech

The performance of Bank Jateng throughout 2019, recorded positive growth in the first half of 2019. For performance as of July 31, 2019 for productive lending reached 15.4 trillion with an achievement of 89.6% from the July target of 15.5 trillion.

In accordance with the Mission of Bank Jateng, namely Supporting regional economic growth by prioritizing retail banking activities, and in the context of increasing financial inclusion so that the public can easily access technology-based banking services that are efficient and safe, especially to women who are SMEs in Central Java

Along with the 2019 Fintech Festival at the Four Point Hotel, Manado, North Sulawesi on Friday 2 August 2019 a Memorandum of Understanding was signed between Hanawijaya as Director of Retail Business and Sharia Business Unit of Bank Jateng with Andi Taufan Garuda Putra as CEO of Amartha Mikro Fintech

The cooperation between Bank Jateng and Amartha focuses on digitizing credit distribution and financial product innovation to facilitate access to services and lending to the micro and SME segments in Central Java.

Hanawijaya stated it was no longer the time to consider that the fintech institution was a competitor of the Bank since there were segments that were intersected or not, segments were not intersected, this was an opportunity could be cooperated. Just like this collaboration is a collaboration for empowerment of women ultra-micro with the group and joint responsibility model, as the security of all debtors insured with Jamkrindo.

According to him, the two companies have the same vision to realize financial inclusion in Indonesia. “Amartha’s technological superiority will make it easier for us to be able to serve even more MSMEs in rural areas we have not yet reached”

The same thing was also conveyed by Amartha CEO and Founder Andi Toufan Garuda Putra “The collaboration between Amartha and Bank Jateng will focus on digitizing credit distribution and financial product innovation to facilitate access to services and lending to the micro and SME segments in Central Java”,

“Amartha alone has served more than 35,000 business partners in 45 regions in Central Java. It is hoped that with this collaboration Amartha can reach out and serve even more SMEs, “