PNM cuts Mekaar financing cost to 8%, aiding Ciwidey strawberry farmer
Lower rates give ultra-micro borrowers more working-capital room, alongside guidance through weekly group meetings.
PT Permodalan Nasional Madani has lowered the financing cost for its Mekaar program to 8%, a change now felt by ultra-micro customers such as Leni Ratnasari, a strawberry farmer in Kampung Barutunggul, Ciwidey, Kabupaten Bandung. Leni, who has grown strawberries since 2010, uses the financing to keep her business capital turning amid shifting weather, pest attacks and fluctuating selling prices. PNM President Director Kindaris said the 8% scheme is intended to give underprivileged women access to more affordable capital. In addition to financing, PNM also provides assistance through Pertemuan Kelompok Mingguan on financial management, business discipline and networking among members.