Aceh Ventura gets loan

JAKARTA (JP): Venture capital firm PT Sarana Aceh Ventura has received a Rp 12 billion (US$5 million) soft loan from Japan, the company said over the weekend.

Company president director Noer Yoesoef said the loan was part of the total $200 million soft loan given by the Japanese government to venture capital firms throughout the country.

Sarana Aceh had invested around Rp 1.2 billion in 33 small and middle businesses throughout the province, Noer was quoted by Antara as saying.

The small companies, which were mostly engaged in trade, industry and agribusiness, received between Rp 1 million and Rp 50 million each.

Sarana Aceh did not only lay out money for the companies but also helped them in marketing and management, he said. (jsk)