PNM starts implementation of new Mekaar financing ecosystem
Permodalan Nasional Madani (PNM) is adjusting its Mekaar financing interest rate to 8 percent by September 2026 to provide more affordable credit to ultra-micro entrepreneurs. The initiative integrates financial support with business mentoring and literacy programs to foster long-term independence for beneficiaries.
Why it matters
This policy shift aims to improve financial inclusion and economic stability for grassroots entrepreneurs in Indonesia by lowering the cost of capital.
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T Permodalan Nasional Madani (PNM) is implementing the adjustment of the PNM Mekaar financing interest rate to 8 percent in an effort to ensure effective and targeted implementation by September 2026, while simultaneously providing ultra-micro entrepreneurs with access to more affordable financing backed by mentoring and empowerment.
Working alongside relevant ministries and government institutions, PNM is accelerating the various mechanisms required for a smooth transition period to ensure that the interest rate will reach the intended beneficiaries.
The Finance Ministry and PNM are intensively preparing the Program Credit Information System (SIKP), which will be connected through a host-to-host mechanism.
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