A woman stands in front of her miniature motorcycles at the MSME exhibition held by the Indonesian Businesswomen's Association (Iwapi) in Semarang on Feb 27, 2019. (Antara Photo/R. Rekotomo)

Girl Power: OCBC NISP Seeks to Empower Women MSME Entrepreneurs


JANUARY 29, 2021

Jakarta. Bank OCBC NISP, a medium-sized lender publicly listed in Indonesia, has launched an initiative to empower women entrepreneurs in the micro, small and medium enterprise, or MSME sector. 

The program, called #TidakAdaYangTidakBisa (#TAYTB) Women Warriors, aimed to help women manage their business transactions and finance while also supporting them to expand. 

According to the National Statistics Agency, the MSME sector accounted for 60 percent of the national gross domestic product (GDP). Bank Indonesia data revealed more than 60 percent of the 57.83 million MSMEs are run by women as of 2018.

"Looking at their contribution to Indonesia's economy and the challenges they face, Bank OCBC NISP is committed to empowering women business owners. Hopefully, they can grow their businesses and play a larger role in the economy, social, and environment," Bank OCBC NISP's chairwoman Parwati Surjaudaja said in her written statement.

To this end, the #TAYTB Women Warriors program offers a comprehensive solution, including the "Manage, Grow, and Live" solutions, Parwati said.

OCBC NISP's banking service enables women MSME entrepreneurs to manage their finances at their fingertips. They can use the ONe Mobile banking app for their personal needs while managing business transactions on the Velocity platform.

In hopes for these women business owners to grow their businesses, OCBC NISP offers Rp 500 million ($35,550) to a whopping Rp 15 billion in funding for individual entrepreneurs or enterprises. The lender also provides access to e-commerces, tax services, online payment accounting, to social media management.

Also, women entrepreneurs can participate in various #TAYTB webinars to hone their business skills. They also have the chance to win rewards in Poinseru.com.

"The #TAYTB Women Warriors program aligns with Bank OCBC NISP's commitment for responsible banking. By offering beyond-banking solutions, we hope this program can answer all the challenges faced by women entrepreneurs and support Indonesia's sustainable economic growth," she said.