Definition
Micro, Small, and Medium Enterprises – The core borrower segment for many Southeast Asian retail/development banks, called UMKM in Indonesia (Usaha Mikro, Kecil, dan Menengah). Lending to this segment typically carries higher yields and higher credit risk than large-corporate lending, and usually depends on a bank building out a much larger branch/agent distribution network than a purely urban, transaction-banking-led competitor needs. Found In: Balance Sheet, Operating metrics disclosure