Press Credit Risk, Kemenkop Push Cooperative Use SID

By : Aldi Firhand Alqudri | Wednesday, August 02 2017 - 07:00 IWST

Deputy Financing of the Ministry of Cooperatives and SME Braman Setyo
Deputy Financing of the Ministry of Cooperatives and SME Braman Setyo

INDUSTRY.co.id - Jakarta- The Ministry of Cooperatives and SMEs encourages cooperatives to use the Debtor Information System (SID) in order to minimize credit risk. Until now there are only 3 cooperatives who joined or become members of SID, there are Kospin Jasa in Pekalongan, Maumere Obor Mas In NTT and Sahabat Mitra Sejati in Jakarta.

Deputy for Financing Ministry of Cooperatives and SMEs Braman Setyo said the benefits of SID is very important both for members and cooperatives even for the government and society. For example for members of credit quality cooperatives will be guaranteed, as well as the reputation of loans in access to loans from credit agencies.

As for the benefit of cooperatives as supporting information in loan analysis, facilitate the decision making of cooperative loan approval as well as efficiency of channeling cooperative loans.

"For the government the creation of a healthy credit industry and expand access to finance to micro business actors," said Braman through a press release on Tuesday (1/8/2017).

It was also conveyed that if the cooperative in Indonesia can utilize SID will be given easy access to the loan to the Lembaga Dana Bergulir (LPDB).

To be noted, savings and loan business has been recorded as many as 110,189 units and the number of members 20.8 million people. Loans granted amounted to Rp 65.57 trillion and assets of Rp 86.81 trillion.

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.