YOGYAKARTA \u2014 The Revolving Fund Management Institution for\nCooperatives (LPDB) is developing innovative credit-scoring technology\nbased on artificial intelligence (AI) to accelerate financing for\ncooperatives. The technology is targeted for implementation in 2027,\nenabling assessments of financing eligibility\u2014currently conducted\nmanually\u2014to be completed more quickly and accurately.<\/p>\n
LPDB President Director Krisdianto Soedarmono said the system was\npart of efforts to improve service quality and extend financing to more\ncooperatives. The integrated data-based technology is expected to\nshorten assessment times, reduce subjectivity and help management make\nmore comprehensive decisions.<\/p>\n
\u201cWe will use technology to carry out credit scoring so that the\nprocess can be accelerated and the human element of subjectivity\nremoved. The aim is to provide better service than before,\u201d Krisdianto\nsaid in his opening remarks at an LPDB media gathering in Yogyakarta on\nMonday (12 October 2026).<\/p>\n
Krisdianto said the system could reduce financing eligibility\nassessments, which previously took a relatively long time, to just\nminutes. This would help cut the queue of financing applications and\ngive more cooperatives the opportunity to access funding.<\/p>\n
However, he stressed that the technology would need to be tested and\nrefined, particularly in setting assessment criteria and measuring\nfinancing risks. LPDB\u2019s revolving funds come from the state budget\n(APBN), so their disbursement must continue to prioritise prudence and\naccountability.<\/p>\n
Krisdianto acknowledged that financing cooperatives was becoming more\nchallenging amid economic volatility. Cooperatives are also facing\neconomic pressures, while LPDB\u2019s disbursement is now specifically\nchannelled through cooperatives. In previous years, financing could also\nbe provided directly to small and medium-sized enterprises (SMEs) or\nthrough banks.<\/p>\n
The technology is therefore expected to help LPDB strike a balance\nbetween selective fund disbursement and easier access to financing.<\/p>\n
\u201cThis is no small challenge amid a challenging economic situation and\nthe pressure on cooperatives from economic volatility. LPDB must remain\nselective and prudent while still serving cooperatives,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/lpdb-develops-ai-based-credit-scoring-aiming-to-assess-cooperative-financing-applications-in-minutes-1791989574", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }