SOLO (15/5) the minister of economic Hatta Radjas, will be furious if there is a collateral requirement under the micro financing scheme for the amount of IDR 20 million, since the regulation stated that any micro financing facility provided for the amount under IDR 20 million do not subject to collateral requirement. It was explained by Hatta Radjasa, at the seminar of MEKM at UMS Solo (source - pkes interaktif)
.Micro financing is one of the role model of the government assistance to the micro financing enterprises to expand its business. Micro financing will eliminate the bank ego to channel its financing distribution to the society. This system without collateral is the first system in the world that has been implemented by Indonesian Government.
In the meantime the performance of micro financing is quite significant for the year 2011, there are 12 Bank Pembangunan Daerah (BPD) that has involved in micro financing programs, as of May 01 2011, IDR 12.975 billion has been distributed as micro financing with customer base of 16.243. (Agus Y)
Source : http://www.pkesinteraktif.com/english/micro-finance.html - May 18, 2011
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