The Southeast Asian nation of Indonesia, and G20 member, has experienced an economic boom, hosting one of the fastest-growing GDPs in the world and an economy that has expanded by 52% over the last ten years alone.
Over the past few weeks, we have been working closely with Indonesian micro-lending firm PNM or PT Permodalan Nasional Madani for our latest project with the Economist focused on Indonesia.
The state-owned financial institution PNM was founded in 1999 and is famous for its world-renowned banking services. PNM features programmes and services such as commercial coaching, loans, and business support to underprivileged entrepreneurs for small and medium-sized businesses. Today, it is the largest micro-lending firm in the world.
PNM was founded with the goal of empowering entrepreneurs throughout Indonesia through specific demographics, such as female business owners, through their innovative Mekaar programme to close the gender gap between female and male entrepreneurs. The first of its kind, the programme concentrates on women who have the skills to run a business but lack capital and support, which is where PNM steps in to help.
To learn more about how one financial institution is developing and restructuring Indonesia through loans and community support, click on the link to the latest feature.
Explore The Economist’s latest special edition here (pdf):
PNM Indonesia 2023