State banks distribute Rp 15.9 trillion in micro loans this year

Nani Afrida, The Jakarta Post, Jakarta | Tue, 12/28/2010

State Minister for State-Owned Enterprises Mustafa Abubakar announced Tuesday that as of Dec 23 state banks had disbursed Rp 15.9 trillion (US$1.79 billion) in micro loans, exceeding Rp 15.4 trillion amount targeted this year.

“I predict by the end of this year we will manage to distribute Rp 16.5 trillion in micro loans,” Mustafa told reporters in Jakarta.

According to Mustafa, state bank PT Bank Rakyat Indonesia (BRI) was the most active bank for micro loans, distributing Rp 9.6 trillion, exceeding its target by Rp 1.06 trillion.

The second largest micro lender was PT Bank Pembangunan Daerah (BPD), which distributed Rp 2.07 trillion in micro credit.

State bank PT Bank Mandiri also exceeded its target, distributing Rp 1.9 trillion. PT Bank Bukopin managed to disburse Rp 120 billion in micro credits.

However, state bank PT Bank Negara Indonesia (BNI), and PT Bank Tabungan Negara (BTN) are still striving to meet their targets.

BNI distributed Rp 1.05 trillion in micro loans, or only 65.7 percent of this year’s target.

“We will verbally reprimand them,” Mustafa said.

The government plans to disburse Rp 18 trillion in micro credits next year.