JAKARTA – PT Mekar Investama Teknologi, a P2P lending platform known as MEKAR, is working together with National Labour Union to expand its credit distribution network to employees in Indonesia.

One of the initial steps in this collaboration is the credit distribution to employees of PT Long Rich Indonesia, a manufacturer of shoes with total 22 thousand employees. This collaborative agenda is also equipped with financial literacy education.

“We wish that with this service scope expansion, as well as financial literacy education that we launch simultaneously, the workers may be free from illegal online loans, and have access to affordable alternative financing services,” said Pandu Aditya K., President Director of MEKAR.

Furthermore, Pandu said that the purpose of this individual financing program will focus on meeting the needs of emergency fund and other productive needs, which will, in turn, improve life quality of the employees.

In line with MEKAR, Mr. James, President Director of PT Long Rich Indonesia, also believes that this partnership will further assist employees to secure their life needs, which consequentially allows workers to be more focus and productive.

It is worth mentioning that MEKAR is focusing on funding unbankable MSME actors through partnerships with cooperative units. As of now, there have been over 100 thousand business owners that receive alternative funding from MEKAR. On January 11, 2024, MEKAR was acquired by Linkki Singapore Pte. Ltd. (ZH)