Indonesia government partners with biggest Islamic organization to set up 10,000 grocery stores
JAKARTA – Indonesia’s Coordinating Ministry for Economic Affairs, banks, microfinanciers and fintech lenders are teaming up with the country’s largest Islamic organization Nahdlatul Ulama (NU) to set up 10,000 grocery stores in the next 4 years.
The ministry’s vice deputy for financial institutions and capital market, Gede Edy Prasetya, said the banks and fintechs, including BRI Syariah, Bank Jabar Banten, Permodalan Nasional Madani and Kerjasama.com will provide financing under micro credit schemes (KUR) to Islamic boarding schools under NU management to develop the so-called kios WarNU digital groceries.
He said they will start with 100 stores near the Javanese cities of Cirebon and Purwakarta.
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