OJK Boss: MSMEs Make A Big Contribution To The Economy

JAKARTA - The Financial Services Authority (OJK) educates micro, small and medium enterprises in Aceh Province to increase access to financial institutions in order to obtain business development funds.

Chief Executive of the Behavior Supervisory of Financial Services Business Actors, Education and Protection of OJK Consumers, Friderica Widyasari Dewi, said that access to this financial institution is an important part for MSMEs to get funding.

"MSMEs make a big contribution to the economy. However, MSMEs have problems accessing financial institutions such as banking," he said as quoted by ANTARA, Tuesday, July 23.

Therefore, he said, OJK continues to educate how these MSMEs can gain access to financial institutions, so that they can develop their business.

In addition to access, Friderica Widyasari said that MSME development in managing financial institutions funds is also an important part.

Because, without good fund management, it causes problems.

"Usually, this problem occurs because financial institution loan funds are used for consumptive things, not for business development," he said.

Friderica Widyasari also reminded MSMEs who have obtained access to business financing, never want to achieve or not return loans from financial service institutions.

If this happens, the MSMEs who have achievements or problems can no longer be trusted when accessing funding from financial institutions.

The reason is, there have been negative records before.

"So, we educate MSMEs not only to understand how to increase access to financial institutions, but also to educate how to manage third party funds in developing businesses," said Friderica Widyasari Dewi.