How Cak Imin Provides IDR 10 Million Loans For Young People's Business Capital, Diverts KUR Budget

JAKARTA - Candidate for vice president number 1 Muhaimin Iskandar promised a business capital loan program of IDR 10 million without collateral and without interest for the younger generation who want to start a business.

"God willing, young people who want to do business, a maximum of Rp. 10 million without collateral, without interest, can start a business of a maximum of Rp. 10 million," said the man who is familiarly called Gus Imin in Depok City, West Java, as reported by ANTARA, Tuesday, December 19.

The presidential candidate pair Anies Baswedan said the policy would be implemented by diverting the budget that was previously used in the People's Business Credit (KUR) program by making new credit system management.

The granting of capital loans is prerequisite for businesses submitted with good visibility for a business.

"We can switch budgets from those that used to be used as KUR by managing a new credit system, in this case, God willing, if IDR 10 million business pioneering with strict visibility," he said.

Gus imin said this method not only had a positive impact on business pioneers, but also on the banking sector.

"The banking was actually successful at the small business level, because the experience was already taking place in India," he said.