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DFC Collaborates with Bank Sampoerna to Develop MSMEs in Indonesia

02 October 2023 | News
DFC Collaborates with Bank Sampoerna to Develop MSMEs in Indonesia

Bank Sahabat Sampoerna (Bank Sampoerna) and the United States International Development Finance Corporation (DFC) built concrete steps to jointly advance micro, small, and medium enterprises (MSMEs) while encouraging gender equality through increasing access to funding in Indonesia. This was made through the inauguration of a strategic partnership on Wednesday, 27 September 2023, on the 31st floor of Sampoerna Strategic Square, South Jakarta.

The signing of the partnership was carried out by the CEO of Bank Sampoerna Ali Yong, together with the Regional Managing Director of DFC Indonesia, Douglas Midland, witnessed by the CEO of Sampoerna Strategic, Michael Sampoerna, and the United States Ambassador to the Republic of Indonesia, Sung Kim.

Several officials from The U.S. Embassy, the Board of Commissioners, and the Board of Management of Bank Sampoerna were also at the event.

As a first step, DFC has agreed in substance to guarantee 50% of Bank Sampoerna’s loan, with a maximum amount of $200 million.

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