Budget Absorption Against Moneylenders Has Reached Rp1.25 Trillion, OJK: MSMEs Don't Need To Connect With Loans

Photo: Antara

JAKARTA – The Credit/Financing Against Moneylenders (K/PMR) Program from the Financial Services Authority through the Regional Financial Access Acceleration Team (TPAKD) is running well so far. OJK through TPAKD has noted that the budget that has been absorbed from January to September has reached Rp1.25 trillion.

This program is given specifically to Micro, Small, and Medium Enterprises (MSMEs). The goal is to prevent the sector from borrowing funds from moneylenders or illegal online loans (loans).

"This program is implemented by 67 TPAKD with 90 distribution models given to 31 thousand debtors," said Tirta Segara, member of the Board of Commissioners for Consumer Education and Protection at OJK, in a media gathering quoting Antara, Saturday, December.

It should be noted that in this program, the interest rates offered by the TPAKD tend to be lower than moneylenders, so it is hoped that business actors can switch to borrowing funds from the TPAKD rather than through loans.

Tirta also revealed that there are several TPAKDs that offer interest rates of up to zero percent, because the funds lent come from social funds that are collected and combined into one.

"We continue to encourage all of this and generally TPAKD cooperates with the local Regional Development Bank (BPD)," he said.

As of November 25, 2021, he stated that there were 326 TPAKDs throughout Indonesia, located in 34 provinces (100 percent of provinces) and spread over 292 regencies/cities (57 percent of regencies/cities).

"Thus, these MSMEs will not be the target of illegal lending, especially in the midst of a pandemic where they need additional capital," concluded Tirta.