BRI Calls The Presence Of KUR Accelerating MSMEs Upgrading Class

Illustration (Photo: Doc. BRI)

JAKARTA PT Bank Rakyat Indonesia Tbk. (BRI) assesses that the government's alignment with micro, small and medium enterprises (MSMEs) through the People's Business Credit (KUR) program has a significant impact on accelerating the business scale of business actors.

Micro Business Director Supari said KUR has been able to encourage the formalization of unbanked and underbanked community groups to greater access to funding.

"This makes KUR an answer to the problem faced by the micro segment, namely limited access to formal financial institutions that are easy and affordable," he said in a press statement on Thursday, May 4.

According to Supari, KUR has undergone a very significant transformation, namely the change in the first generation KUR scheme with Guarantee Services (IJP) from 2007 to 2014 to second generation KUR through interest subsidies from 2015 to the present.

The application of the KUR interest rate is given in stages to restrictions on the application of KUR customers who make repeated submissions. This effort is able to become a win 'win solution for the government that is able to save the cost of state expenditures and micro business actors who can still enjoy KUR interest subsidies to increase their business capacity," he said.

Sipari also said that maintaining the business continuity of MSMEs, especially the micro segment, is very important and needed to maintain the level of national economic growth.

"BRI as the largest KUR distributor, in 2022 alone will be able to distribute KUR up to Rp252.4 trillion consisting of KUR super micro amounting to Rp5,51 trillion, KUR Mikro amounting to Rp215.3 trillion, and KUR Kecil amounting to Rp30 trillion," he said.

For information, in the first quarter of 2023, the growth of commercial credit disbursement in the BRI micro segment was recorded at 29 percent and the number of customers experienced a significant increase of more than 42 percent year on year. This achievement shows that there has been a graduation and an increase in business for micro-enterprises that are more commercial.

Meanwhile, BRI's micro segment contributed almost 48 percent or Rp563.4 trillion of BRI's total credit distribution.

Another step, the bank, wong cilik, also encourages 60 percent of the distribution of financing to focus on the production sector, which has a larger multiplier effect on economic activity.

"The change in the interest subsidy scheme and priority of the KUR sector allocation to the micro segment business, will accelerate the financial inclusion process and encourage the emergence of new sources of economic growth," he said.

"In addition, as a commitment to empowering micro-enterprises to be more resilient, the company has prepared various micro-financing products and services that can be accessed by the wider community", Supari concluded.