President promises Rp 100 trillion of loans for small firms in five years

The Jakarta Post, Jakarta | Thu, 11/05/2009 5:01 PM

President Susilo Bambang Yudhoyono said Thursday he would allocate Rp 100 trillion (US$10 billion) of loans in five years to small firms to help eradicate poverty through entrepreneurship.

“We want entrepreneurship in each cities to improve,” he said, reading out his first 100-day cabinet-working plan.

He said banking institutions must be reformed to ensure that the micro loan program will be successful.