Jokowi Reminds MSME Actors to See Your Own Ability Before Applying for a Bank Loan – President Joko Widodo (Jokowi) asked MSME actors in Papua to use the Business Identification Number (NIB) to facilitate access to People’s Business Credit (KUR).

“So immediately take advantage of this NIB, then access capital called KUR,” said President Jokowi in the granting of a Business Identification Number to Individual MSEs, GOR Toware, Jayapura, Wednesday (31/8/2022).

Papua became the first province outside Java to provide NIB for MSME actors. On Wednesday, Jokowi witnessed the provision of NIB for around 2,700 MSEs in Papua.

“What’s the use after getting the NIB? Mr. and Mrs. become formal entrepreneurs because they already have a permit called a Business Identification Number (NIB) like this. So what if you hold this for? Ladies and gentlemen can access capital to the bank. Ask for KUR, people’s business credit,” said Jokowi.

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Moreover, the president said that currently the KUR interest rate is subsidized by the government so that consumers are only charged with three percent interest.

However, Jokowi reminded MSME actors to be careful and careful if they wanted to apply for a loan from a bank. MSMEs must take into account the ability to repay bank loans in order to avoid legal risks that can harm businesses.

“If it’s calculated that you don’t go in, you don’t need to borrow, it’s calculated that it’s still profitable, you can borrow it in installments, and if you’ve borrowed carefully, you can borrow 50 million, don’t ever use half of it to buy a motorcycle, or borrow 200 million, for 100 million to buy a car,” said Jokowi.

Jokowi also asked financial institutions to provide opportunities for capital facilities to MSMEs in Papua that already have an NIB.

The Minister of Investment/Head of BKPM Bahlil Lahadalia said the provision of NIB in Papua was part of a series of visits to 20 regions. According to him, the central government wants to launch and facilitate licensing services in the form of NIB to all business actors, regardless of the scale of the business.

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“This is on the orders of the President, where we from the Ministry of Investment are not allowed to take care of only large investments, we also have to take care of the small ones, which is why we came today,” he said.

Source: – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by

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