Pegadaian's first overseas venture in Timor-Leste off to strong start - Companies - The Jakarta Post

Companies

The company reported that, within two months of opening its first international branch in the Timor-Leste capital of Dili on March 30, it had processed more than 600 transactions, generating total financing disbursements of US$ 329,882.

An official of state-owned pawnshop Pegadaian shows small gold bar minted by state-owned diversified miner PT Aneka Tambang (Antam) in Jakarta on May 20, 2024. (Antara/Rivan Awal Lingga)

State-owned pawnshop company PT Pegadaian (Persero) said its first overseas expansion into Timor-Leste has shown encouraging results, reflecting strong demand for its services in the neighboring country.The company reported that, within two months of opening its first international branch in the Timor-Leste capital of Dili on March 30, it had processed more than 600 transactions, generating total financing disbursements of US$329,882.

Pegadaian has also expanded its offerings in Timor-Leste by launching an interest-free microloan program on April 1, providing loans of up to $100 to local citizens. The initiative has gained early traction, with total loan disbursements reaching $6,406 within its first two months.