Press Release
Wednesday, 16 February 2022
PT Usaha Pembiayaan Reliance Indonesia appointed as the private (non State Owned Enterprise) company partner to Distribute Ultra Micro Programs provided by the Government Investment Centre.
Jakarta, 16 February 2022 – PT Usaha Pembiayaan Reliance Indonesia (“Reliance Finance”), a subsidiary of the Reliance Group, only financing company appointed to distribute the Ultra Micro program (“UMi”) by the Government Investment Center (“Pusat Investasi Pemerintah) - Ministry of Finance of the Republic of Indonesia. The signing ceremony held, February 16, 2022 at the Aryaduta Hotel, Jakarta by the President Director of PIP, Ririn Kadariyah, and the Director of Reliance Finance, Ira Rakhmawati.
Ira Rakhmawati said that the cooperation between Reliance Finance and PIP was a new history for Reliance Finance. This very valuable trust is an opportunity that must be utilized so that Reliance Finance's performance is expected to be better and continue to grow in the future on an ongoing basis, Ira said.
Ira also continued that Reliance Finance plans to develop the business scale of Ultra Micro debtors by digitizing and financial inclusion through Reliance's integrated financial products (wealth management), including insurance and investment, so that more people have access to financing. Reliance Finance's target as the financing channel for UMi in the early stages is IDR 45 billion provided to (at least) around 14 thousand debtors. This distribution target is for the year 2022 considering that several distribution pipelines have been prepared for this UMi financing.