The Jakarta Post
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Companies 3 years ago
PREMIUM
Jamkrindo, Askrindo under pressure amid soaring microloan defaults
Two state-run credit guarantee insurer companies are running short on capital needed to service claims on defaults under the microcredit program (KUR), risking their ability to provide future loan guarantees and support the government-led low-cost financing assignment.
Business 5 years ago
PREMIUM
Micro enterprises aid halved for this year, but coverage to be expanded
The government is slashing the micro enterprise assistance by a half to Rp 1.2 million per recipient this year, but aims to reach a larger number of recipients than last year at 12.8 million by the third quarter of 2021.
Business 7 years ago
BRI, HKTI collaborate to support farmers
State-owned lender Bank Rakyat Indonesia (BRI) and the Indonesian Farmers Association (HKTI) have agreed to cooperate to optimize the country’s micro-credit program (KUR) through a strategic partnership for the provision and use of banking services.
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