Jakarta Residents' Loan Debt Reaches IDR 10.35 Trillion, DPRD Urges Provincial Government To Find A Way Out

Working Meeting of Commission B of the DKI DPRD with the DKI Provincial Government/PHOTO: Diah Ayu-VOI

JAKARTA - Member of Commission B of the DKI Jakarta DPRD highlighted the high value of online loan debt (pinjol) for Jakarta residents of up to Rp10.35 trillion as of April 2023 in a working meeting to discuss the economic summary of the capital city in the first half of this year.

Member of Commission B of the DKI Jakarta DPRD, Suhudd Alyuddin, is concerned about the high debt value of Jakarta residents. This is because this value is greater than the DI Yogyakarta Provincial Budget.

"This is Rp10.35 trillion in debts from Jakarta residents originating from 2.38 million accounts. Regardless of the debt for what, whatever lifestyle or what, but millions. If we average for example 1 person has 2 accounts, it's already 1 million Jakarta residents who are caught in moneylenders. Well, that's crazy if I get a story from the community," said Suhud at the DKI Jakarta DPRD building, Wednesday, July 12.

Suhud assessed that the DKI Provincial Government cannot underestimate this condition. Because, while absorbing the aspirations of residents during recesses, Suhud often hears the complaints of those who are entangled in loans with high interest rates and are unable to pay them off.

"In my opinion, this cannot be taken lightly. 2 million accounts, for example from millions of people. One million people are entangled by moneylenders. The provincial government must be present to overcome and find a way out of this problem," said Suhud.

The same thing was conveyed by a member of Commission B of the DKI Jakarta DPRD, M. Taufik Zoelkifli. He said the DKI Provincial Government must have a way to reduce residents who apply for online loans.

One of them, according to Taufik, can be done by facilitating credit facilities for the community or tightening the loan regulations.

"Yesterday it was said that actually from Bank DKI there were loans and other facilities. But if it's from the bank, there's BI checking and so on. Meanwhile, it turns out that if the loan is not, it's free," said Taufik.

"The problem will end up being trapped. Whether from the DKI Provincial Government there is also a governor's regulation or something to eradicate the loan shark," he continued.

Previously, the Financial Services Authority (OJK) revealed something surprising regarding online loan debt aka pinjol in the capital city, recently.

Based on data obtained until April 2023, as many as 2.38 million user accounts have a debt figure of IDR 10.35 trillion. On the official OIC website, the debt covers 2.38 million accounts.