economy

Moladin Finance Indonesia Introduces New Financing Products For Small And Medium Enterprises

Moladin has launched a new financing product dedicated to Micro, Small, and Medium Enterprises (MSMEs) under PT Moladin Finance Indonesia (MOFI). MOFI, a licensed and supervised Financing Company by the Financial Services Authority (OJK), is part of the Moladin group with a mission to expand financial access throughout Indonesia. With this MSME financing product, borrowers can access flexible financing for working capital and investment to grow their businesses.

Given the importance of MSMEs in Indonesia's national economic landscape, they face challenges that hinder their access to crucial financing for business expansion. One of the main challenges is the difficulty for financial institutions to provide suitable products, especially in terms of requirements and product flexibility for this sector. Recognizing the potential in this market segment, Moladin has launched MSME financing products using properties as collateral.

In the publication of the Development and Strengthening Roadmap for Financing Companies 2024-2028, OJK revealed that by 2022, financing for the MSME sector by Non-Bank Financial Institutions (IKNB) was only able to meet Rp229 trillion or 15% of the needs.

Although financing for the MSME sector is expected to increase during the period 2018-2023, the OJK publication also mentioned that the supply and demand gap for this sector is still high and predicted to reach Rp4,300 trillion in 2026.

Mulyadi, the CEO of PT Moladin Finance Indonesia (MOFI), stated, "There is a business potential for financing in the MSME segment, as well as financing with limits above Rp500 million, that is not widely funded by the multifinance industry. MSMEs are a potential market due to the large funding needs in this segment, and Moladin wants to contribute more to support MSMEs."

To narrow the gap between supply and demand, a flexible financial product is needed to simplify the application process and provide targeted support for the growth of SMEs in Indonesia.

With MOFI's SME financing, SME entrepreneurs from all business segments can take advantage of an efficient and flexible credit approval process that suits their business needs. By combining these advantages, Moladin can promote easier access to financing and support business operations.

SMEs can benefit from fast and flexible financing for several reasons. Flexible financing allows SMEs to adapt to unforeseen circumstances and take advantage of emerging trends or customer demands. Additionally, the ability to obtain funds quickly and flexibly enables SMEs to overcome seasonal fluctuations, respond to competitive pressures, and innovate without being hindered by lengthy approval processes.

Dinda, an enthusiastic entrepreneur running a coffee shop business, knows that she needs more than just a cup of coffee to turn her dreams into a successful business. With a vision of opening a real coffee shop, she embarked on a journey to obtain a loan. MOFI, more than just a financial service provider, became a trusted partner in Dinda's journey.

"The loan application process, which is often daunting for beginners, went smoothly thanks to the MOFI team. The MOFI team patiently answered my questions and helped alleviate my concerns throughout the process," said Dinda. Dinda's story is proof of the power of perseverance and the impact of finding the right support system to realize her dreams.

"Our MOFI SME financing products aim to help SMEs face economic uncertainties, adapt to market dynamics, and ultimately enhance their competitiveness in the ever-evolving business landscape."