Garment Entrepreneur Asks for Capital through KUR and KIPK Programs to Be Made Easier

JAKARTA - The Bandung Textile Entrepreneurs Association (IPKB) urges the government to make it easier for the People's Business Credit (KUR) and Small Permanent Investment Credit (KIPK) programs for the capital of micro, small and medium enterprises (MSMEs).

The General Chair of IPKB Nandi Herdiaman said that the perpetrators of the convection business still face a big challenge in terms of capital.

"The People's Business Credit (KUR) and Small Permanent Investment Credit (KIPK) programs provided by the government cannot be enjoyed by many small and medium business actors because they do not meet the terms and conditions," Nandi said in an official statement received by VOI, Monday, December 29.

The reason is, said Nandi, many of the entrepreneurs do not have enough collateral, do not have neat financial records and do not have experience in managing large businesses.

Therefore, Nandi hopes that the government can create a targeted capital program, considering that many small and medium industries (IKM) have been rolling since COVID-19 and are losing competitiveness to illegal imports.

Currently, he sees that the market is supported by the government for domestic, so actors definitely need capital and competitive human resources.

According to Nandi, many entrepreneurs have ideas and potential to develop their businesses, but are hampered by a lack of capital.

"We don't want to be a burden on the government, but we need help to be able to stand on our own feet," he said.

He continued, IPKB is currently said to be still looking for ways to get capital. Nandi said, his party is ready to work with the government to improve the textile and garment industry in Indonesia.

"We also hope that the government can consider providing technical assistance and training to small and medium business actors, so that we can improve our capabilities and competitiveness in the global market," he added.