“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, October 30, 2009

Govt pitches in support for micro financing, sets aside guarantee funds

Mustaqim Adamrah, The Jakarta Post, Jakarta | Fri, 10/30/2009 9:40 AM

Aiming to accelerate the development of micro, small and medium enterprises (MSMEs), the government will allocate Rp 2 trillion (US$202 million) each year over the next five years as a guarantee for them to secure bank loans.

Access to financing has been one of the major obstacles for the industry to grow, and this is what this fund — which could guarantee lending of up to Rp 20 trillion a year — is expected to change, President Susilo Bambang Yudhoyono said Thursday.

“Every year, there will be Rp 20 trillion in funding [for MSMEs], with Rp 2 trillion to be set aside from the state budget as a guarantee,” he said at the opening of the 2009 National Economic Summit.

“In five years, there will be Rp 100 trillion in funding in a scheme to help provide micro and small enterprises with working capital.”

Yudhoyono, however, also underlined that prospective borrowers should be creative and have a sense of entrepreneurship, calling for a reform in the national educational system to help students develop their entrepreneurial skills.

In the future, he said, students who had undergone 12 years of schooling were expected to become not so much “job seekers” as “job creators”.

He lamented the low number of entrepreneurs in Indonesia, less than 1 percent of total population, compared to the United States and Singapore with 15 percent and 7 percent.

MSMEs are one of six economic topics being discussed at the two-day summit being held at the Ritz-Carlton Pacific Place.

The summit is being jointly hosted by the government and the Indonesian Chamber of Commerce and Industry (Kadin) to hear suggestions from all stakeholders in the economy to help shape the country’s next five-year economic plan.

Sandiago Uno, Kadin’s deputy chairman for micro, small and medium enterprises and cooperatives, said the chamber expected the government to establish a micro financing institution to make it easier for micro borrowers to access loans.

So far, micro borrowers have received Rp 14 trillion under the government’s micro loan program (KUR) this year, out of a total Rp 20 trillion earmarked in the 2009 state budget, Sandiago said.

The government disbursed Rp 12.5 trillion in KUR loans last year, out of Rp 14 trillion allocated in the 2008 state budget.

KUR loans are channeled through BNI, Bank Mandiri, BRI, BPD, Bank Syariah Mandiri and Bank Bukopin.

Related Article:

Mismanagement slows Jakarta's SME loan distribution

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