The finance portfolio with this partnership is apt to improve fishing access to bank financing. PT Bank of Mandiri (Persero) Tbk, increase funding for the fishermen through credit scheme, Energy and Food Security Credit (EFSC). Where throughout 2014, the Bank has provided loans to fishermen for IDR 1,76 trillion, growing 15% from the previous year.
In the finance portfolio, the bank applying the method of partnership, of which the company is working with partners (micro, small and medium enterprises / SMEs), which became the insurer or guarantor for fishermen proxies. Funding awarded among others to the business of fishing, aquaculture and fish processing.
Director of Bank of Mandiri, Budi G. Sadikin said the finance portfolio with this partnership is apt to improve fishing access to bank financing, so that fishermen can use to increase the catch.
"This commitment we continue to strengthen in line with the Bank wishes to be able to continue to play an active role in developing the national maritime sector and prosperity of the country," Budi said in a statement in Jakarta, Tuesday, April 7th, 2015.
Furthermore Budi added, the application also proved successful partnership keeping the ratio of nonperforming loans (NPLs) of Bank Mandiri in the fisheries sector at a low level, namely, 0.58%. Meanwhile, the number of bank customers totaled 462 SMEs, which are dominated by fish processing business.
Looking ahead, Budi said, one of the biggest challenges in strengthening the banking financing to SMEs fisherman for this is the difficulty of debtors to meet the requirements of public credit, among other collateral, licensing, the ability cash flow, revenue which is seasonal.
"For that, we also try to educate the SMEs so that they can meet the criteria of a bankable or meet all the requirements, he said.
Bank support to the development of the national maritime sector is also realized through the corporate finance business sectors related to maritime sector. At the end of 2014, the bank has disbursed loans to companies related to the maritime sector of IDR33,59 trillion, an increase compared with the previous year's distribution of IDR33,55 trillion.
Some areas of the maritime-related businesses get funding allocation from the Bank, among others, port, shipping, shipbuilding, and support services.
"This year, we identify potential financing sizeable maritime sector, including from government programs to build 24 ports that open access to remote locations in Indonesia," he concluded.