Global Wakaf – ACT Endeavors to Strengthen Indonesian Economy by Collaborating with Thousands of MSMEs

Under the Productive Capital Waqf program, Global Wakaf-ACT continues to support MSME owners affected by the pandemic. Since its launch in 2020, this program has reached more than 10,000 business people.

waqf for MSME
Illustration. In addition to receiving business capital, the beneficiaries also get business mentoring. (ACTNews)

ACTNews, JAKARTA – Global Wakaf – ACT has continued to assist communities affected by the pandemic, including MSME owners as MSMEs hold an important role in the Indonesian economy.

Under the Productive Capital Waqf, Global Wakaf – ACT has supported over 10,000 MSMEs since its launch in 2020 until October 7, 2021. There are also several other programs derived from Productive Capital Waqf which is currently ongoing.

“Through the Waqf for MSMEs program, we have supported 4,600 beneficiaries. In addition, Business Capital Alms has benefitted over 5,000. Furthermore, Productive Business Waqf in the form of business asset provision has benefitted 150 business owners,” said Budi Sulistyo as the Manager of Productive Capital Waqf, Monday (10/11/2021).

Recently, Global Wakaf-ACT also launched Borong Dagangan Tambah Modalnya that aims to buy up all of the goods of the MSMEs and give extra money for their capital. This program has benefitted 383 households in Indonesia. All beneficiaries of the above programs are spread across 30 Indonesian provinces.

In addition to receiving capital assistance, the beneficiaries also receive business mentoring. There are 175 business mentors who are ready to guide the beneficiaries with the hope that their businesses can develop further in the future.

“These assistants will teach the MSMEs how to run a business. In addition, they also provide religious guidance such as getting them used to start their activities by reciting “Bismillah” or giving alms regularly,” explained Budi.

The beneficiaries feel greatly assisted by this program. Mardiana was among the beneficiaries. She sells frozen foods, and her business has continued to flourish. As her turnover improves, Mardiana begins recording her transactions more neatly.

“In the past, before I receive business assistance, I never really cared about my bookkeeping. I only recorded my transactions when I was in the mood. Alhamdulillah, now we have to report and keep the records, so I can find out how much profit I earn. It makes me feel more grateful when earning more profits,” explained Mardiana. []