YOGYAKARTA The establishment of the Red and White Cooperative launched by President Prabowo Subianto is speeding up. The formation of the cooperative aims to strengthen the village economy as well as cut the supply chain for the basic needs of the community. Currently, the target of the Red and White Cooperative business consists of several business lines that will be carried out.
Reporting from the red and white website.kop.id, the Red and White Cooperative will move in several business lines, as follows.
For information, the Minister of Cooperatives Budi Arie Setiadi explained that the government has reached the target of establishing 80 thousand Kopdes. The budget spent is estimated at IDR 400 trillion. For initial capital, the government will provide a ceiling to each cooperative unit of IDR 3 billion as a loan fund from the Association of State-Owned Banks (Himbara).
Later each cooperative is obliged to repay the loan with an installment mechanism. The tenor given is 6 years.
SEE ALSO:
The loan repayment scheme has triggered concerns about an increase in bank credit (NPL). Based on data from the Financial Services Authority (OJK), the last NPL increased from 2.08 percent in December 2024 to 2.17 percent in March 2025.
The increase also occurred in loan at risk, from the original 9.28 percent in December 2024 to 9.86 percent in March 2025.
That's information related to the Red and White Cooperative business target. Visit VOI.id to get other interesting information.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
