Saturday, January 28, 2012

INDONESIA - MICRO FINANCE - Gov’t Encourages Microfinance Institutions to Shift

http://en.indonesiafinancetoday.com - The government encourages Microfinance Institutions (Lembaga Keuangan Mikro/LKM) to quickly change into rural banks (Bank Perkreditan Rakyat/BPR) to avoid the practice of shadow banking. Agus Martowardojo, Minister of Finance, said the move was aimed to facilitate the supervision of the institutions conducting community fund raising. (source)
Source:  http://en.indonesiafinancetoday.com/read/16360/Govt-Encourages-Microfinance-Institutions-to-Shift - Jan 27, 2012

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