Over The Last 15 Years, The Distribution Of Revolving Funds For LPDB-KUMKM Capai Is IDR 17.07 Trillion

President Director of LPDB-KUMKM Supomo (third from the left). (Photo: Theresia Agatha/VOI)

BOGOR - The Revolving Fund Management Agency for Cooperatives and Micro, Small and Medium Enterprises (LPDB-KUMKM) reported that from 2008 to 2023, the total distribution of LPDB-KUMKM revolving funds had reached Rp17.07 trillion.

The distribution of revolving funds is distributed to 3,275 partners throughout Indonesia. In terms of numbers, the total recipients of funds from 2008 to 2023 have reached 444,454 recipients.

LPDB-KUMKM President Director Supomo said that his party always prioritizes the principles of prudence and Good Corporate Governance (GCG) to ensure that these funds are used optimally.

"It is transparency and accountability carried out by LPDB," Supomo said in a Media Gathering entitled Transparency and Accountability in the Management of LPDB-KUMKM Revolving Funds in Bogor, West Java, Thursday, October 12.

Supomo said that his party was committed to staying on the track in the distribution of the revolving funds.

"This is not only about numbers, but also about how we maintain the quality of financing to cooperatives throughout Indonesia," he said.

He invited MSME actors to join the cooperative as a strategic step.

By joining cooperatives, they can get easier and cheaper capital and easy and friendly financing from LPDB-KUMKM.

"We want to encourage collaboration between MSME players and cooperatives. This will allow them to access LPDB-KUMKM rolling funds more efficiently," said Supomo.

For your information, LPDB-KUMKM revolving funds are divided into two patterns, namely conventional patterns and sharia patterns. As of October 2023, the distribution of conventional patterns has reached Rp762 billion, and a sharia pattern of Rp479 billion, with a total of 160 cooperative partners.