Synergy with PT Rajawali I Sugar Factory & PKPTR Malang, Bank Jatim Supports Sugarcane Farmer Financing

Date: 05 september 2023

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MALANG, September 5, 2023. PT Bank Pembangunan Daerah Jawa Timur Tbk or bankjatim continues to collaborate with various parties in order to reach a wider market. This time, bankjatim has signed a cooperation agreement with PT Rajawali I Sugar Factory and the Center for People's Sugar Cane Primary Cooperatives (PKPTR) Malang Regency PG Krebet Baru working area. Located at PG Krebet Baru, the cooperation agreement was signed by the Director of Micro, Retail and Medium bankjatim R. Arief Wicaksono, President Director of PT Pabrik Gula Rajawali I Daniyanto, and Chairman of PKPTR Malang Regency Mochammad Hamim on Tuesday (5/9).

Arief explained that the cooperation agreement signed today relates to the utilization of credit products for the working capital of sugarcane cultivation of all sugarcane farmers under PKPTR Malang Regency. "In order to expand partners and support food security in the sugar industry sector, bankjatim is here to provide convenience to sugarcane farmers in terms of financing," he explained.

Through cooperation in the plantation sector, continued Arief, bankjatim provides capital support for the People's Sugar Cane Farmers Cooperative and its members in the hope that this additional working capital can increase yields, both in terms of quantity and quality of sugar cane.

As for the mechanism of cooperation this time is bankjatim as a lender to PKPTR and / or small cane farmers fostered by PT Rajawali I Sugar Factory in accordance with the terms and conditions applicable in bankjatim. "So, PT Rajawali I Sugar Factory provides recommendations in writing to us who are the people's sugarcane farmers under their guidance who are eligible to get bankjatim credit facilities. Actually, the purpose of this agreement is to provide credit product facilities in the context of sugarcane cultivation to farmers to increase MSMEs in the sugarcane plantation sector. Because, bankjatim fully supports the growth of MSMEs, especially in East Java," said Arief.

He explained, the value of productive credit for MSMEs managed by bankjatim until now is not small. "Up to this month we have managed MSME loans of around Rp 13 trillion. This proves that we really support the development of MSMEs," he said.

Therefore, he hopes that the signing of this cooperation agreement will not only be an administrative legality. But more than that, this good moment can be a space for friendship, a place to provide ideas, innovations, and evaluations for all parties for the realization of safe and comfortable services, especially for sugar cane farmers at the rajawali I sugar factory. "So that farmers can further maximize the potential that exists and can be more prosperous of course," said Arief.

Meanwhile, Daniyanto welcomed this cooperation. He really hopes that this cooperation can make it easier for farmers in terms of financing. In addition, it is also expected that farmers can receive a value that can increase income. "So that it can optimize sugar production in East Java and its peak can realize national food self-sufficiency, especially in the sugar sector. Hopefully this is a good start for future cooperation," concluded Daniyanto.