PT. Permodalan Nasional Madani (Persero), or PNM, is an Indonesian State-Owned Enterprise (SOE) established by the government in 1999. Its primary mission is to empower micro, small, and medium enterprises (MSMEs) by providing access to financing and business development assistance. PNM operates two main financing programs: ULaMM (Unit Layanan Modal Mikro), which serves small businesses, and Mekaar (Membina Ekonomi Keluarga Sejahtera), a group-lending program aimed at empowering underprivileged women entrepreneurs. As part of the national economic development strategy, PNM has been integrated into a holding company for ultra-micro businesses under PT Bank Rakyat Indonesia (Persero) Tbk to expand its reach and impact.

Founded in

Indonesia