Supporting MSMEs, Pertamina Distributed IDR 141 Billion to 5,116 Partner Beneficiaries in 2023

Jakarta, February 6, 2024 - Throughout 2023, PT Pertamina (Persero), through the Micro and Small Business Financing Program (PUMK), has disbursed revolving credits totaling IDR 141.9 billion to 5,116 Micro, Small, and Medium Enterprises (MSMEs). The PUMK funds were distributed to MSMEs from various sectors, including trade, handicrafts, agriculture, home industries, and services.

The PUMK funds were distributed to MSMEs across Indonesia from Sabang to Merauke. The highest distribution was given to 950 MSMEs in Central Java, totaling IDR 27.7 billion, followed by West Java with IDR 20.1 billion, East Java with IDR 16.4 billion, South Sulawesi with IDR 13.8 billion, Bali with IDR 12.1 billion, DKI Jakarta with IDR 7.8 billion, and West Kalimantan with IDR 6.9 billion.

Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, stated that MSMEs are the backbone of the community's economy, driving the national economy. MSMEs have demonstrated remarkable resilience in navigating through diverse challenges in Indonesia, including monetary crises and the Covid-19 pandemic.

"This distribution is Pertamina's commitment to continuously support the advancement and development of MSMEs so they can contribute to job creation and national economic recovery. Additionally, some of Pertamina's fostered MSMEs have expand into international markets, thereby enhancing the nation's reputation," said Fadjar.

For the distribution of PUMK funds, Pertamina collaborated with PT Bank Rakyat Indonesia (Persero), TBK., a State-Owned Bank with experience in distributing people's business credit programs, as recommended by the Ministry of State-Owned Enterprises. "These PUMK funds are soft loans, easily accessible by MSMEs, and must be revolving so that their benefits can be increasingly felt by MSMEs. With this capital, MSMEs' businesses can further develop," added Fadjar.

Samson, one of the beneficiaries of the MSME funds, revealed that joining Pertamina's foster partner program helped his Betawi soto business develop. Samson has been selling for more than 1.5 years at Cikini Station. He hopes to eventually have his shop in a more strategic location to attract more customers.

"After partnering with Pertamina, my business has grown. I received training and exchanged experiences with other more successful MSMEs. It has motivated me to advance," he explained.

In addition to funding, Pertamina has implemented various comprehensive and integrated mentoring programs from regional to international levels. The mentoring activities for MSMEs include exhibitions, training, and workshops. Additionally, there are e-learning sessions, short courses, mentoring and coaching, online marketplaces, certifications, business matching, and other mentoring activities.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social, and Governance (ESG) implementation across all Pertamina's business lines and operations.**