BANDUNG – Made Dewa Susila, President Director of PT Adira Dinamika Multi Finance Tbk (ADMF), has been awarded The Best CEO with Special Mention: The First Financing Company to Provide Social Loan for MSMEs at the Top CEO Indonesia Awards 2024, hosted by Tempo-IDNFinancials in Bandung on Friday, November 13.

ADMF, or widely known as Adira Finance, made history by signing its first social loan facility with MUFG Bank Ltd on July 20, 2023, which is being channeled as microfinance for Micro, Small, and Medium Enterprises (MSMEs) in sectors with limited access to capital.

By the end of 2023, Adira Finance had disbursed loans to the MSME sector amounting to 24.3% of its total portfolio, or IDR 10.1 trillion, used for vehicle purchases, multi-purpose financing, and durable goods essential for business operations.

The social loan facility follows Adira’s credible Social Financing Framework, evaluated by Sustainalytics, a company that assesses corporate sustainability based on ESG performance.

Amidst the slowdown in Indonesia's automotive industry, which has traditionally been Adira Finance's core financing pillar, the company expanded its new financing in non-automotive segments. This effort resulted in an 8.89% year-on-year (yoy) increase in revenue, reaching IDR 7.5 trillion by the end of September 2024, up from IDR 6.9 trillion in the same period last year.

Ultimately, Adira Finance's commitment to enhancing financial inclusion and the economic potential of MSMEs, in collaboration with MUFG Bank Ltd, has led Made Dewa Susila to receive his first The Best CEO title at the Top CEO Indonesia Awards 2024. (ZH)