Indonesia’s Ministry of Research, Technology, and Higher Education has confirmed that it backs DANAdidik.id’s student loan service
DANAdidik.id, an education-focussed fintech from Indonesia, officially announces the support from the president of the country, Joko Widodo, through his Ministry of Research, Technology, and Higher Education.
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The ministry provides its support through the program called PPBT (Perusahaan Pemula Berbasis Teknologi) or translated as Tech-based Startup program. The program is designed to back startups with funding, mentorship, and other facilities.
The program is essentially an incubator by the ministry to encourage entrepreneurship.
“All DANAdidik team welcomes the ministry’s program and we hope that more people, hopeful students can access DANAdidik’s benefit, fulfilling our mission #SemuaBisaKuliah (translated as #EverybodyCanGotoCollege),” said Nurlaila, Head of Marketing.
The ministry’s program aims to have the trust of the government, investors, and students in the student loan industry while also making sure everyone can have fair access to education without worrying about tuition fee.
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The support through the ministry reflects the President’s mission that seeks to build student loan industry in Indonesia, announced in April last year.
DANAdidik is leveraging on crowdfunding to connect sponsor with university students under its platform. Launched in 2015, the fintech gives long term loan for four years.
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