Reaping Huge Profits with Bank-Fintech Partnership
PT Bank Mandiri Tbk is collaborating with a P2P lending financial technology (fintech) company to channel productive loans to micro-business in the agriculture, livestock, and agricultural-related sectors. The partner, PT Crowde Membangun Bangsa (Crowde), is an agricultural lending fintech with a portfolio value of Rp 90 billion to 17,000 small and medium farmers.
In the partnership, Crowde refers potential debtors to participate in the selection process based on Bank Mandiri debtor criteria and will determine the loan amount for them. Later, Bank Mandiri will process loan applications for approved borrowers, with a maximum ceiling of Rp 200 million. In the initial stage, Bank Mandiri will provide total fundings of up to Rp 100 billion.