Jakarta Deputy Governor: Bank Jakarta Disburses Rp48 Billion to 167 Kramat Jati Traders
The Deputy Governor of Jakarta, Rano Karno, stated that Bank Jakarta has disbursed financing to 167 traders at the Kramat Jati Wholesale Market in East Jakarta, with a total value reaching approximately Rp48 billion.
Rano made this announcement while attending and witnessing the mass credit agreement signing for 100 traders at the Kramat Jati Wholesale Market on Tuesday (1/9). The financing utilises both the People’s Business Credit (KUR) and non-KUR programmes for micro, small, and medium enterprises (MSMEs), with loan ceilings of up to Rp500 million.
Rano noted that in addition to the 100 traders signing agreements today, Bank Jakarta has already provided financing to a total of 167 traders out of the more than 5,000 business owners operating in the Kramat Jati Wholesale Market, amounting to roughly Rp48 billion.
“Today, we are expanding access to financing for wholesale market traders here in Kramat Jati. This is vital, as traders require certainty regarding working capital to maintain business continuity,” Rano said in a written statement.
Rano expressed optimism that this capital support will increase the capacity of MSME players in the Kramat Jati Wholesale Market, enabling them to expand their businesses and improve their standard of living. He also praised the collaboration between Bank Jakarta and Perumda Pasar Jaya, describing it as a concrete way to support MSMEs and the grassroots economy.
Rano hopes that the mass credit agreement event will encourage more traders in the Kramat Jati Market to participate in Bank Jakarta’s MSME financing programmes. However, he reminded that access to formal financing must be accompanied by financial literacy. He emphasised that this is essential so that MSME owners can implement healthy financial management to ensure their businesses continue to grow.
“There will certainly be dialogues between the bank and the traders to assist with management so that businesses can further develop. Hopefully, we can expand this programme to other markets,” he added.
On the same occasion, the President Director of Bank Jakarta, Agus H. Widodo, stated that the programme is not merely a credit distribution activity, but part of Bank Jakarta’s efforts to build wider financial access for micro-entrepreneurs to help them scale up. Agus confirmed that the bank is providing capital support through both KUR and non-KUR programmes.
“We do not want traders to be busy searching for banks. Bank Jakarta must become closer and present amongst the traders,” he said.
Agus explained that for traders wishing to access capital, the bank has prepared financing through KUR or non-KUR programmes. For the KUR programme, Agus explained that no collateral is required for loan ceilings up to Rp100 million. For the non-KUR programme, traders can use their market stalls as collateral, with loan ceilings of up to Rp500 million at an interest rate of approximately 10 per cent per annum.
“For Bank Jakarta, success is not measured by how much credit is disbursed. True success is when financing enables traders’ businesses to grow, turnover to increase, jobs to be created, and more Jakarta MSMEs to move up the value chain,” he concluded.