The Jakarta Post
Jakarta Deputy Governor Djarot Saiful Hidayat has promised a microcredit scheme for street vendors in the capital if he and Jakarta Governor Basuki “Ahok” Tjahaja Purnama are reelected.
In front of hundreds of street vendors and small business owners in Pasar Rebo, East Jakarta, Djarot said he would provide them with a card that could be used to borrow money for capital at very low interest rates.
“With that card, you can borrow money from Bank DKI with interest rates as low as 9 percent,” he said.
He went on to say that the city administration’s policy of evicting and relocating street vendors was not intended to kill their business, but was only aimed at making the city more organized.
“I know one of the biggest challenges in opening a small business in Jakarta is transportation costs. I hope this program can help your daily activities,” he continued, referring to the plan that the card would also include free rides on Transjakarta buses.