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  • Maintaining Excellent performance, KUR Realization Reached 17% in February 2019

Maintaining Excellent performance, KUR Realization Reached 17% in February 2019

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Oleh Penni Patmawati Rusman, Selasa, 26 Maret 2019 | 10:18 WIB - Redaktur: Penni Patmawati Rusman - 689

Demak, InfoPublik – The Coordinating Economic Ministry’s Deputy for Macroeconomic and Finance Coordination Iskandar Simorangkir said that micro credit program (KUR) disbursement has reached Rp356.5 trillion with 14.7 million debtors between August 2015 and February 2019.

“This figure is inseparable from KUR interest subsidy carried out since August 2015 as well as the President Joko Widodo’s direction to lower credit interest rate to a single digit level at 7% in 2018,” said Iskandar in an event of KUR disbursement for Fisheries, at Morodemak Port of Demak Regency, Central Java Province, on Sunday (24/03).

In addition, the government also considered the principle of prudence in KUR disbursement in order to maintain quality credit growth that can be inferred from the exceptionally low Non-Performing Loan (NPL) ratio, namely at the range of 1.4% for the same period.

The government had set the disbursement target at Rp139.01 trillion for 2019. The realization of KUR disbursement in the period of 1 January to 28 February 2019 was at Rp23.1 trillion and it was disbursed to 841 thousand debtors or around 17% from the total target.

Also present at the event were Demak Deputy RegentJoko Susanto, SOE Ministry’s Deputy for Financial, Survey and Consultant Services Business Gatot Trihargo, Cooperative and SME Ministry’s Secretary Meliadi Sembiring, Cooperative and SME Ministry’s Deputy for Financing Yuana Sutyowati, Maritime Affairs and Fisheries Ministry’s Director of Marine and Fishery Capital Management Institute (LPMUKP) Syarif Syahrial, Maritime Affairs and Fisheries Ministry’s Director of Business and Investment Catur Sarwanto, Bank Mandiri’s Retail Banking DirectorDonsuwan Simatupang, BNI’s Small Business and Network Director Catur Budi Harto, BRI’s Micro and Small Business Director Priyastomo, PT Permodalan Nasional Madani (Persero) Compliance and Risk Management Director M.Q. Gunadi, and local consultative forum (Muspida). (Reporter: Isma, Translator: Wisnu Wardoyo)