Investor Presentaiton
The Pre-Employment Card Program to Increase Access to
Finance for Entrepreneurs and SMEs
Kredit
KER
Usaha
Rakyal
People's Business Credit (KUR)
credit/financing for working capital
is
a
and/or
investment to a productive and feasible 1
individual, business entity, and/or business
group debtor that does not have additional
collateral or does not have sufficient collateral.
KUR is entirely sourced from the financial
institution fund that distributed KUR loans.
KUR Interest
Rate
Year 2016-2017
9%
Year 2014
22% Micro KUR
13% Retail KUR
Year 2007
24% Micro KUR
Year
2018-2019
7%
Year 2015
12%
Low KUR interest amounting to 6% effective annually.
Easy requirements for KUR additional collateral.
•
.
2
"
.
.
2022 KUR POLICY
Increase of KUR ceiling to Rp373,17 Trillion
2022 KUR ceiling was initially stipulated at Rp250 trillion.
Coordination Meeting of Committee of Financing Policy for MSMEs on 29
December 2021 has decided to add 2022 KUR ceiling from Rp250 trillion to
Rp373.17 trillion and will be evaluated on the 1st semester of 2022.
KUR Policy Relaxation during Covid-19 Period
Small KUR is without limitation in the loan ceiling accumulation until 31 December
2022
Postponement of the production sector target until 31 December 2022 or by the
consideration of the Committee of Financing Policy for MSMES
•
Follow-up incentive provision in the form of KUR restructuring extension
Provision of administrative relaxation for prospective KUR debtor during Covid-19
pandemic period based on the objective assessment of KUR Distributor
Provision of additional KUR interest subsidy of 3% until 31 December 2022
3 Change of KUR Policy to Expand and Increase KUR Distribution
Small KUR and special KUR over Rp100 million is
following the policy/assessment of KUR Distributor.
Additional collateral is not required for supermicro-
KUR, micro-KUR, special KUR up to Rp100 million,
and Indonesian Migrant Worker (PMI) placement
KUR.
Year 2020-2022
6%......
Source: Coordinating Ministry for Economic Affairs, as of January 10, 2021
Change of Micro KUR ceiling (without additional collateral), starting from Rp10
million to Rp50 million to be beginning from Rp10 million to Rp100 million.
Change of Special/Cluster KUR without KUR ceiling accumulation limitation for the
production sector (non-trade) and interest subsidy by KUR type
Increase PMI KUR ceiling, starting from Rp25 million to starting from Rp100 million,
withdrawal (KUR disbursement) by the need of PMI and simplification of KUR
distribution.
Reduction of KUR interest subsidy/margin subsidy for Super Micro KUR by 1% to be
amounting to 12%; Micro KUR is reduced by 0,5% to 10%; Small KUR interest subsidy
remains at 5,5%, and PMI Placement KUR interest subsidy is reduced by 0,5% to
13,5%.
281.9
198.6
140.1
22.8
KUR 30
Distribution
94.0
100
96.7
110
120.3
120
140
190
285
(IDR Trillion) 2015
2016
2017
Target
2018
2019
2020
2021
Realization
18View entire presentation