Strengthening MSMEs, Pertamina Collaborates with Grab to Give Business Capital Loan for GrabKios Agent Partner

Jakarta, August 31, 2020 – Since 1993 until now, Pertamina continues to be consistent in their commitment to disbursed business capital for Micro, Small, and Medium Enterprises (MSMEs) throughout Indonesia.

The credit loan for MSMEs is based on Pertamina's commitment to implement the spirit of Sustainable Development Goals (SDGs), which is the growth of the economy that is inclusive and sustainable with full and productive workforce in the Goal 8 SDGs. The goal is to help the community to remain productive and receive a decent income. Therefore, it can encourage national economic growth.

Vice President of Corporate Communication of Pertamina, Fajriyah Usman, informed that since 1993 until now, Pertamina's fostered partners have reached more than 63 thousand MSMEs. Many of them had upgraded or have started to increase their skills, which is their knowledge to optimize their business and their ability to adapt to technology, especially digital technology, in the pandemic era.

In the implementation of the distribution of the partnership program, Pertamina collaborates with many parties. One of which is the top versatile application in Southeast Asia, Grab Indonesia, which gives access to a low-cost small business capital loan for GrabKios agent partner.

"In this collaboration, GrabKios agent partners receive a business capital loan from Pertamina with very low administrative services, namely 3% per year," said Fajriyah.

Nurrudin Al Fithroh, Head of Grab Kios Grab Indonesia, welcomes this collaboration. "Our commitment to supporting MSMEs is strengthened by the support of many parties, including Pertamina. By facilitating the access of the loan products, GrabKios agents can continue to operate to meet the community needs while maintaining their livelihoods and running the economy. The same vision and mission of Grab and Pertamina to support MSMEs are hoped to strengthen the GrabKios agent for them to rise. This collaboration is also in line with the long term mission of GrabForGood, which goals are to empower more Indonesian of crucial accesses to technology, digital skills, and services improvements," he said.

In this loan product, active GrabKios agents, which have joined for at least six months and have an average transaction of above IDR 5.000.000 per month, can apply for loan to Pertamina facilitated by GrabKios. The loan program only charges an administration service of 3% per year and a loan period of up to 36 months.

"This collaboration is a continuation of the #TerusUsaha program, which we have introduced last June. We believe that the pandemic should be handled together. Therefore, Grab is also taking part in this effort so that together we can continue business (#TerusUsaha) and rise through this collaboration and technology innovation to support MSMEs in Indonesia," added Nurrudin.**