UMK Actors, Please Take Note Of President Jokowi's Message! Be Careful About Applying For A Loan To The Bank, Don't Just Take It

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - President Joko Widodo (Jolowi) said that the business registration number (NIB) is the key in doing business. Because NIB is a must for business actors, especially micro and small businesses so that they can access financing to banks.

However, Jokowi advised business actors to be careful in applying for loans to banks.

Jokowi suggested that business actors calculate their ability before applying for a loan. Despite having the opportunity to take a loan with a very large amount.

"When borrowing, credit from banks is also careful, calculated, calculated, don't just take it," he said at the event for the Granting of Business Identification Numbers (NIB) for individual Micro Small Business Actors (UMK) for 2022, in Jakarta, Wednesday, July 13.

According to Jokowi, if business actors apply for loans to banks in large amounts, but without calculating their ability, it will certainly be difficult to repay the loan. "There is an opportunity to get Rp. 200 million, take Rp. 200 million, Rp. 100 million to buy a car, I guarantee that I will not be able to return it. I guarantee that it will not be possible to return it," he said.

Even so, Jokowi encourages MSE actors to apply for loans to banks to develop their businesses. Moreover, the interest on the loan is still 3 percent.

"So if you already hold this (NIB), and the business opportunity is there, the market opportunity is there, immediately all of you will flock to BRI or to other banks that provide KUR credit. Because this is PEN funds, while the interest is still 3 percent per year," he said.

Previously reported, Jokowi told a tough experience when he became an entrepreneur. This is because it was difficult for him to have a business license when he started his business in the 80s.

Jokowi admitted that at that time, he did not access loans from banks because he did not have an NIB. Not only that, he also has to spend just to take care of permits. According to him, this is very burdensome at that time.

"I don't have a business license, so I can't access banking, I can't borrow from a bank because I don't have a business license. If I applied for a license, I had to pay and it was very difficult for me at that time," he said.

Because of these difficulties, Jokowi admitted that he had not had a business license for many years. In fact, he said, NIB is very important for entrepreneurs.

"So for years I couldn't have the SIUPP TDP at that time, which was very much needed by our micro and small entrepreneurs," he said.