BSI Continues Distribution of Microfinance Despite COVID-19 Aiming for 13% Growth in 2021

Despite being in the middle of the COVID-19 pandemic, Bank Syariah Indonesia (BSI) has continued to distribute microfinance in 2021. According to Hery Gunardi, President Director at BSI, microfinance saw a 12.88% year-on-year (YoY) increase to IDR 15.1 trillion as of June 2021.

Why it Matters?

BSI projects that the rate of microfinance growth until the end of 2021 will be at 13% YoY. This will be driven by several micro sectors that have shown growth in 2021 across the trade sector, food and beverage service providers, livestock, fisheries, plantations, and businesses related to medicine and health.

Details

In efforts to increase microfinance, BSI is to optimise synergies with many institutions such as Islamic boardi...