DENPASAR

Perusda Bali initiated the establishment of credit financing enterprise by cooperating with local companies in other districts throughout Bali.

According to Managing Director of Perusda Bali, I Nyoman Baskara, Bali is a soft market for finance companies so that if there is a local finance company will provide additional revenue for the whole district.

He explained that the finance company can reach a captive market as civil servants and employees of local business entities (enterprises) as employees of taps, as well as regional companies. During this time, the worker access financing vehicle loans from private companies.

“It was both a promising market, as in the provincial government of Bali there are about 7,000 civil servants. It is the market estimation that we can take, not including civil servants in the regions, “he said.

He revealed to establish the finance company needed capital ranging from Rp50 billion to 100 billion. The capital can be met by Perusda in Bali in each area.

Baskara said the joint venture was also part of efforts to reduce the competition between Perusda, but the synergy resulting in development for the region.