The Jakarta Provincial Government is expanding formal financing\naccess for traders at the Kramat Jati Wholesale Market through a\ncollaboration between Bank Jakarta and Pasar Jaya. The scheme includes\nthe People\u2019s Business Credit (KUR) and non-KUR financing, with credit\nceilings reaching up to Rp500 million.<\/p>\n
The programme is expected to assist traders in maintaining business\ncontinuity, increasing capacity, and strengthening the grassroots\neconomy in Jakarta.<\/p>\n
\u201cThis wholesale market has more than 5,000 business premises, so the\nneed for financing is certainly significant,\u201d said the Deputy Governor\nof Jakarta, Rano Karno, in an official statement in Jakarta on\nTuesday.<\/p>\n
To date, 167 traders at the Kramat Jati Wholesale Market have\nobtained financing with a total ceiling of approximately Rp48 billion,\nand access is now being extended to an additional 100 traders.<\/p>\n
Rano emphasised that the expansion of capital access must be\naccompanied by an increase in financial literacy, ensuring that\nfinancing truly encourages businesses to grow in a healthy and\nsustainable manner.<\/p>\n
The Jakarta Provincial Government is also continuing to promote\ndigitalisation within Jakarta\u2019s markets to ensure transactions and\nbusiness management become more efficient. Regional-owned enterprises\n(BUMD) have been instructed to continue providing services that meet the\nneeds of business actors and support regional economic resilience.<\/p>\n
Meanwhile, the President Director of Bank Jakarta, Agus\nHaryontowidodo, stated that as of June 2024, financing to market traders\nacross Jakarta reached an outstanding balance of approximately Rp326\nbillion across 2,388 debtors.<\/p>\n
Specifically for the Kramat Jati Wholesale Market, credit\ndistribution had reached approximately Rp48 billion for 167 traders\nprior to the mass signing ceremony held today.<\/p>\n
\u201cThe success of this programme is not measured by how much credit we\ndisburse. True success is when this financing enables traders\u2019\nbusinesses to expand, turnover to increase, jobs to be created, and more\nJakarta MSMEs to move up to the next level,\u201d said Agus.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/dki-jakarta-expands-formal-financing-access-for-kramat-jati-market-traders-1788267812", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }