{
    "success": true,
    "data": {
        "id": 1812072,
        "msgid": "ojk-drafting-regulation-to-ease-funding-access-for-msmes-with-bad-credit-history-1781859478",
        "date": "2026-06-19 15:25:40",
        "title": "OJK Drafting Regulation to Ease Funding Access for MSMEs with Bad Credit History",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's Financial Services Authority (OJK) is finalising a regulation to provide relief for micro, small, and medium enterprises (MSMEs) whose access to bank funding is blocked by poor credit records in the SLIK system. The new rule, expected by late June, aims to exclude small default histories under IDR 1 million from initial credit screening. The initiative comes as local government programmes, such as Situbondo's Vorsa UMKM, see low approval rates due to these systemic barriers.",
        "content": "<p>The Financial Services Authority (OJK) is drafting a regulation to\nease access to funding for micro, small, and medium enterprises (MSMEs)\nthat are currently hindered by bad credit histories recorded in the\nFinancial Information Service System (SLIK).<\/p>\n<p>Aris Budiman, Head of the OJK Jember office, stated that the\nregulation is expected to be completed by the end of June. It will\nprovide leniency for MSME entrepreneurs who have problematic credit\nrecords, particularly those with failed payments below IDR 1 million, by\nensuring such records do not automatically appear as a barrier when\napplying for new financing from banks or other financial\ninstitutions.<\/p>\n<p>\u201cWe have been discussing this relief for the past two months,\u201d Aris\nsaid during a Media Communication Forum in Situbondo, East Java. He\nnoted that credit growth for MSMEs has been limited because many are\nblocked by their history in the SLIK, formerly known as the BI Checking\nsystem.<\/p>\n<p>Aris emphasised that while the regulation will provide a fresh start\nfor affected MSMEs, borrowers must still act responsibly. \u201cThis is not a\nlicence for moral hazard. We hope those with poor track records will\nimprove and settle their outstanding obligations if they have the\ncapacity to do so,\u201d he explained.<\/p>\n<p>Under the planned rule, small default histories will not be counted\nas an initial criterion when MSMEs apply for credit. Aris also urged\nentrepreneurs with clean records to maintain them, as a history of bad\ncredit will remain a significant obstacle to future funding.<\/p>\n<p>He highlighted the Vorsa UMKM programme, a local government\ninitiative in Situbondo that offers business vouchers, training, and\nzero-interest loans. Despite its potential, out of more than a thousand\nMSME applicants, only a few successfully secured funding due to\nSLIK-related issues.<\/p>\n<p>\u201cThe programme is excellent in principle, but many applications are\nhindered by SLIK records,\u201d Aris said. He reaffirmed the OJK\u2019s commitment\nto broadening access to finance for MSMEs, while stressing the\nimportance of responsible loan management to grow businesses and improve\nwelfare.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-drafting-regulation-to-ease-funding-access-for-msmes-with-bad-credit-history-1781859478",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}