President Susilo Bambang Yudhoyono said Thursday he would allocate Rp 100 trillion (US$10 billion) of loans in five years to small firms to help eradicate poverty through entrepreneurship.
“We want entrepreneurship in each cities to improve,” he said, reading out his first 100-day cabinet-working plan.
He said banking institutions must be reformed to ensure that the micro loan program will be successful.
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