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Economy 1 month ago

World Bank offers $750 million guarantee for Indonesia loans program

The World Bank announced on Thursday that it was providing US$750 million in financial guarantees to Indonesia's largest state-owned commercial bank, with the funds to be channeled into the government's low-interest loan program for small businesses.

Regulations 4 months ago

PREMIUM
Doubts emerge over plan to turn PNM into MSME lender

Experts warned that turning PNM into a special mission vehicle (SMV) under the Finance Ministry risks duplicating existing institutions without tackling core issues like risk assessment, access and borrower repayment capacity.

Regulations 1 year ago

PREMIUM
Rural co-ops to enjoy interest rate of just 6% on KMP microloans, Zulkifli says

As the government rushes ahead to meet the KMP program's launch date on July 21, it risks leaving behind necessary legal support, including a Finance Ministry regulation currently being drafted and the Cooperatives Law revision being deliberated at the House.

Regulations 1 year ago

PREMIUM
Govt to increase 2026 microloan cap to Rp 430t to boost homeownership

In line with President Prabowo's "3 million homes" program, the MSMEs and housing ministries are preparing to devise a special microcredit scheme for housing next year with a cap of Rp 430 trillion.

Regulations 1 year ago

PREMIUM
Govt expands microloans to boost housing, sugarcane farming

The government has allocated Rp 13 trillion (US$803.11 million) for renovation loans and Rp 117 trillion for housing development under the scheme.

Economy 1 year ago

PREMIUM
Govt cooks up Rp 130t microloan scheme for state banks to help fund housing program

In a bid to solve a funding shortfall for the President's "3 million homes" program, the housing ministry has come up with a plan to disburse Rp 130 trillion (US$7.98 billion) contributed by state banks under Danantara via the micro credit program (KUR).

Economy 1 year ago

MSMEs Ministry preparing special loan for food production tools

The Micro, Small, and Medium Enterprises (MSMEs) Ministry is preparing a new ministerial regulation to allow businesses to take loans for food production tools. This initiative aims to ensure national food security.

Regulations 2 years ago

PREMIUM
Govt to reinstate SME loan restructuring program

Coordinating Economic Minister Airlangga Hartarto announced plans for the program’s resumption on June 24, citing a request from President Joko “Jokowi” Widodo. The program was previously extended three times before expiring at the end of March of this year.