Rano Optimistic That Bank Jakarta Financing Will Strengthen Market Traders' Businesses
The Deputy Governor of Jakarta, Rano Karno, is optimistic that access to financing from Bank Jakarta can strengthen the businesses of traders at the Kramat Jati Wholesale Market, East Jakarta. Capital support is considered vital for maintaining business continuity and encouraging expansion.
Rano made these remarks while attending the signing of mass credit agreements by Bank Jakarta for 100 traders at the Kramat Jati Wholesale Market on Tuesday (1/9). The financing is provided through both People’s Business Credit (KUR) and Non-KUR schemes, with credit ceilings of up to Rp500 million.
“Today, we are expanding access to financing for wholesale market traders in Kramat Jati. This is extremely important, as traders require certainty regarding working capital to maintain their business continuity,” said Rano.
Rano stated that capital support can increase the capacity of traders, allowing their businesses to grow and their welfare to improve. He also expressed his appreciation for the collaboration between Bank Jakarta and Perumda Pasar Jaya in strengthening MSMEs and the people’s economy.
Out of more than 5,000 business actors in the Kramat Jati Wholesale Market, Bank Jakarta has so far distributed financing to 167 traders, totalling approximately Rp48 billion. Rano hopes that more traders will utilise this programme.
However, Rano reminded that financing must be accompanied by financial literacy. Traders need to maintain healthy financial management so that the capital obtained can truly drive business growth.
“There will certainly be dialogues between the bank and the traders to assist with management so that businesses can develop further. Hopefully, we can expand this programme to other markets,” said Ratan.
The President Director of Bank Jakarta, Agus H. Widodo, stated that this financing is an effort to expand access to capital for micro-business actors so they can grow and ‘move up a class’.
Through the KUR scheme, traders can obtain loans of up to Rp100 million without collateral. Meanwhile, through the Non-KUR scheme, traders can use their market stalls as collateral with a ceiling of up to Rp500 million and an interest rate of approximately 10% per annum.
“True success is achieved when financing enables traders’ businesses to grow, turnover to increase, jobs to be created, and more Jakarta MSMEs to move up a class,” said Agus.