LPDB-KUMKM Optimistic Target Of Distribution Of IDR 1.8 Trillion Funds Can Be Achieved

President Director of LPDB-KUMKM Supomo (center). (Photo: Theresia Agatha/VOI)

BOGOR - The Revolving Fund Management Agency for Cooperatives and Micro, Small and Medium Enterprises (LPDB-KUMKM) reported that the realization of revolving funds as of October 2023 only reached 69 percent or Rp1.24 trillion.

The LPDB-KUMKM is targeted to distribute revolving funds of IDR 1.8 trillion in 2023.

Regarding this, the President Director of LPDB-KUMKM Supomo emphasized that his party is optimistic that it can achieve the realization target by the end of the year.

"I am very optimistic. This, right, if the calculation of math is less than Rp600 billion, it turns out that what I processed as of early October was around Rp600 billion which was already in hand, this Rp600 billion consisted of only disbursing Rp131 billion. If the Rp600 billion was added to Rp1.2 trillion, it was already Rp1.8 trillion," Supomo said in Media Gathering entitled Transparency and Accountability in the Management of LPDB-KUMKM Revised Funds in Bogor, West Java, Thursday, October 12.

Supomo said, towards the last three months in 2023, his party is still working on a process, so he believes that the existing targets can be achieved.

"So, there are only Rp. 131 billion in liquid, then there are around Rp. 95 billion left. That means it's already Rp. 226 billion. Now there are Rp. 53 billion in those who have been analyzed in the field, there are Rp. 350 billion, this is early October. That's why we are optimistic," he said.

In addition, said Supomo, his party is processing funds that have only entered around Rp. 80 billion.

"If I count yesterday, the total that has been in hand is approximately Rp. 2 trillion, so even if someone fails the process, yes, we still have a share of Rp. 200 billion. So, God willing, with Rp. 1.8 billion, we are very optimistic to be able to achieve that," he concluded.