The Jakarta Post, Jakarta, Tue, 06/28/2011
The Cooperatives and Small and Medium Enterprises Ministry claims it has channeled Rp 12 trillion (approximately US$1.39 billion) in micro loans for 5 million micro businesses across the country under the credit support (KUR) scheme.
“That is reaching nearly 55 percent of the target,” Cooperatives and Small and Medium Enterprises Minister Syarifuddin Hasan said Tuesday in Surakarta, Central Java.
He said the ministry was targeting to channel Rp 20 trillion in KUR loans this year.
Syarifuddin said KUR loans were expected to support micro business developments, citing there were currently up to 52.1 million micro businesses in Indonesia.
He said, as quoted by tempointeraktif.com, that such businesses could curb unemployment with each micro business employing three people on average.
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