{"id":5421,"date":"2024-10-25T00:00:00","date_gmt":"2024-10-24T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5421"},"modified":"2024-10-23T16:56:33","modified_gmt":"2024-10-23T08:56:33","slug":"daily-markup-1103-efishery-provided-us11m-in-financing-to-help-6000-fish-farmers-across-indonesia-like-pak-joni-scale-their-business","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5421","title":{"rendered":"Daily Markup #1103: eFishery provided US$11M+ in financing to help 6,000+ fish farmers across Indonesia like Pak Joni scale their business"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXe4NvNIU5GI79J6wMua8mSAB3yqqIiJdLJvGJ7qnO6lldGbL1Doa_rc_QfLoX6A1JgOFAD26ikt3s6bdEugbcRXPndAysKWVBiFKy-uhv8kORoUiQUrpCbl7im189wdziyDI0_nxB175AeMruP6HuJJjpXo?key=BH1amySukICxfNrerAuI5g\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: JULO<\/figcaption><\/figure>\n\n\n\n<p><strong>A fin-tastic partnership<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To promote financial inclusion for fish farmers, 500-backed aquaculture company <a href=\"https:\/\/efishery.com\/en\/\">eFishery<\/a> teamed up with JULO, a licensed Indonesian fintech company.<\/li>\n\n\n\n<li>Their partnership began in 2022 to provide productive funding and education to fish farmers and aquaculture business owners within the eFishery ecosystem.<\/li>\n\n\n\n<li>Over US$11M in financing has been disbursed to more than 6,000 fish farmers across the country as of July 2024, through eFishery\u2019s Kabayan (Kasih, Bayar Nanti or Support Now, Pay Later) program.<\/li>\n\n\n\n<li>Joni, a carp farmer who has been running his fish farming business since 2012, credits eFishery&#8217;s Kabayan program for helping his farm expand from 24 to 40 ponds.\u00a0<\/li>\n\n\n\n<li>&#8220;In the past, I struggled to secure the capital needed to grow my fish farming business. While there were a few options available, the high interest rates significantly reduced my profits. With Kabayan, I could fulfill my needs upfront, with flexible payment terms,&#8221; he shared in Bahasa Indonesian.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.linkedin.com\/in\/gibran-huzaifah-6358a04a\/\">Gibran Huzaifah<\/a>, Co-founder &amp; CEO of eFishery, shared that this collaboration goes beyond a business partnership, and represents a shared commitment to improving the welfare of fish farmers.<\/li>\n\n\n\n<li>&#8220;The aquaculture technology we develop and JULO&#8217;s financial solutions have joined forces to create a strong synergy. This allows us to offer more comprehensive services to our partners and establish an ecosystem that positively impacts all its components, while also contributing to national food security,&#8221; he explained.<\/li>\n\n\n\n<li>Read the full story <a href=\"https:\/\/prn.to\/3YyC6QS\">here<\/a>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Other stories you may have missed:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/bit.ly\/dailymarkup1099\">Vircle<\/a> helps parents raise money-smart kids; serving 70 schools in Malaysia today, and 3 countries by 2026<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/dailymarkup1100\">Prefer<\/a> brews bean-free coffee and helps food producers and F&amp;B outlets manage food waste sustainably<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/dailymarkup1101\">Naluri<\/a> expands digital health services to Thailand; continues to break the stigma of seeking mental health help across SE Asia<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/dailymarkup1102\">Pomelo<\/a> branches out to serve shoppers in Cambodia and the Philippines; eyeing Vietnam, the Middle East, and India next<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/4h6XDHi\">Grab<\/a> and Coca-Cola is collaborating on an enhanced version of Coke&amp;Go to bring convenience and easy purchasing options to consumers in Singapore<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/3A4Bjxz\">Carsome Academy<\/a> and the Raja Muda Selangor Foundation (YRMS) partnered to provide technical and vocational training to underserved youths across Malaysia<\/li>\n\n\n\n<li>What <a href=\"https:\/\/bit.ly\/3UiC1OA\">Ejen2U and Virtualtech Frontier<\/a> learned on their week-long pitching expedition to Tokyo, Japan<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A fin-tastic partnership Other stories you may have missed:<\/p>\n","protected":false},"author":5,"featured_media":5422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[351],"class_list":["post-5421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-efishery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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