We've just launched our Small Business Barometer Report – Indonesia, a collaboration between Mastercard Center for Inclusive Growth, Mercy Corps Indonesia and the Ministry of National Development Planning/Bappenas Republic of Indonesia. The report uncovers three critical hurdles for Indonesian Micro and Small-Sized Enterprises (MSEs): 💻 Digital Literacy: While 81% of MSEs recognize digital tools as vital for growth, 64% struggle to use them effectively. Bridging this gap is essential for their success. 📚 Support Services: While 70% of MSEs see support services as crucial, only one-third have access to them. There’s a high demand for training in finance, digital marketing, and business skills. 💳 Access to Credit: A large proportion of MSEs (62%) think they do not need any credit. Although nearly half of those who sought credit reported no barriers to access, high interest rates (31%) remain substantial barriers. The report findings come from listening directly to owners, senior executives, directors and managers of 835 Indonesian micro and small enterprises between November 2023 and January 2024. The businesses that participated are dispersed across location, size, sector, tenure, and gender – take a closer look at the insights here: https://lnkd.in/eCV7nwuR Andi Ikhwan Andi Dian Roosahandita Christophorus Yudha Danujatmika Nur Hasan Subhashini (Shuba) Chandran Shabnam Akhter Tom Adams Katie Reberg Alison Tan Emilie Terashi Boyer Ian Osuka Vikas S R #indonesia #socialimpact #impactmeasurement
Brooke Patterson Timothy Ogden will like this!
Very informative!
Interesting!
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1moGood one. Good to see my Project Leader Vikas SR here. Greetings from 🇮🇩