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Bandung provides Rp 30 billion in loans to boost SMEs
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Bandung MAyor Ridwan Kamil talks to journalists in Jakarta last year. (the jakarta post/Wienda Parwitasari)
T
he municipal government of Bandung is to provide Rp 30 billion (US$ 2.29 million) in non-collateral loans to finance small and medium enterprises (SMEs).
Bandung Mayor Ridwan Kamil said all the loans had already been absorbed by 10,000 SME entrepreneurs, who each received Rp 30 million. They have however to establish a group of five, with each group managing Rp 150 million.
"We've also eased the licensing for SMEs under Rp 500 billion - they don't need a license, they can just use the mobile application," Ridwan told thejakartapost.com on Thursday after a meeting at the Cooperatives and Small and Medium Enterprises Ministry in Jakarta.
The municipal government has also updated the system licensing mobil app, with around 31,000 business already having submitted through the app, he said.
The city will also add to the number of 'Little Bandung', a cobranding store with local ventures to sell Bandung SME products, from handicraft to foods, overseas.
The city administration opened in October last year the 'Little Bandung' on Rue Montmartre, Paris, joining with Djawa, an Indonesian restaurant there. Next month the mayor will open Little Bandung stores in Kuala Lumpur, Malaysia.
"So the support is complete, with financing, licensing and marketing," Ridwan said. (dan)
