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View all search resultsBRI microloans hit Rp 96.5 trillion in 5 years
Bank Rakyat Indonesia (BRI) has been aggressively pushing for the growth of microbusinesses through its micro loans program (KUR), doling out Rp 96
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B
ank Rakyat Indonesia (BRI) has been aggressively pushing for the growth of microbusinesses through its micro loans program (KUR), doling out Rp 96.5 trillion-worth of loans by April 2014 since 2007.
BRI corporate secretary Budi Satria said as quoted by kontan.co.id that the bank distributed Rp 9.5 trillion in loans for more than 700,000 debtors between January and April 2014, while in 2013, the bank distributed Rp 87 trillion in loans.
Budi explained that despite the expansive loans given so far, the bank remained cautious, as shown by its 2.34 percent non-performing loans rate.
'We are targeting micro-scale and novice businessmen, especially those operating at traditional markets and centers of economic activities,' he said recently.
'But in addition to our expansive move, we also provide assistance. As you can see, the non-performing loan rate for KUR is at an ideal level,' he added.
He added that BRI had served a total of 10 million KUR debtors as of April 2014.
He also said that BRI's micro loans program was currently 64.24 percent of the national KUR figure of Rp 150.3 trillion.
'The composition of the BRI KUR program is about Rp 18.442 trillion in retail loans and Rp 78.080 trillion in microloans,' Budi explained.
