- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
April 15, 2014
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD100 thousand (JBIC portion) with PT. KOKEN INDONESIA (KOKENI), an Indonesian subsidiary of KOKEN Co, Ltd (KOKEN; Headquarters: Aichi Prefecture; President: Michiaki Noda). The loan is cofinanced with THE HEKIKAI SHINKIN BANK for the first time, with the overall cofinancing amount reaching USD200 thousand.
This loan is intended to finance KOKEN for establishing KOKENI, its subsidiary, in Indonesia, and manufacturing and selling clothes in Cikampek, West Java.
KOKEN is a small and medium-sized enterprise (SME) that manufactures and sells clothes for children and women. Given the prospect of expanding demand for clothes in Indonesia, and backed by its solid economic growth, KOKEN established KOKENI in November 2012, and plans to expand the business through its subsidiary. The loan will support the overseas business deployment of KOKEN and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
As Japan's policy-based financial institution, JBIC will continue to support overseas business deployment of Japanese companies, including mid-tier enterprises and SMEs in growing markets such as Indonesia, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.