Bank Mandiri disburses Rs 34.38 trillion in KUR loans from January to October

In line with the government’s aspiration to support MSMEs, the KUR disbursement is a manifestation of Bank Mandiri’s commitment to increasing and broadening productive businesses’ access to finance.

Jakarta (ANTARA) – State-owned lender Bank Mandiri announced on Friday that it has disbursed 34.38 trillion rupees in microcredit loans (KUR) to more than 319,000 debtors across Indonesia during the period January to October 2022.

The value of KUR loans disbursed up to the end of October 2022 represented 85.96% of the 40 trillion rupees target for 2022, said Josephus Triprakoso, senior executive vice president of microcredit and consumer credit at Bank Mandiri, in a written statement released here on Friday.

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The production sector such as agriculture, fisheries, production services and processing industry continued to dominate in the disbursement of KUR loans, with Rp 20.53 trillion or 59.71% of KUR loans made until the end of October 2022, he informed.

The disbursement of KUR loans to the agricultural sector reached 29.34% of the total, the production services sector 20.14%, the processing industry 8.22% and the fisheries sector 1.99%.

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He said the disbursement of KUR loans was focused on key productive sectors in each region, including agriculture sector, production services sector, processing industry and fisheries sector.

“In line with the government’s aspiration to support MSMEs, the disbursement of KUR is a manifestation of Bank Mandiri’s commitment to increasing and broadening productive businesses’ access to finance,” he said.

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