Residents protest over bank credit
Residents protest over bank credit
KUPANG, East Nusa Tenggara: Hundreds of people who missed out
on applying for Bank Mandiri soft loans staged a protest in front
of the municipal council on Thursday demanding the bank accept
their applications.
The deadline for lodging applications for the low-interest
loans was originally Sept. 12, but the bank closed down the
applications process early on Aug. 31.
The move meant thousands of potential customers missed out
applying for the collateral-free loans for small and medium-scale
entrepreneurs offered by the state bank.
During a meeting with city council members, Bank Mandiri
Kupang branch manager Frangky Amalo said only a limited amount of
funds, Rp 10 billion (US$1.1 million), had been prepared for the
loans disbursement. The bank had closed applications early as the
number of applicants had been sufficient, he said. -- JP
KUPANG, East Nusa Tenggara: Hundreds of people who missed out
on applying for Bank Mandiri soft loans staged a protest in front
of the municipal council on Thursday demanding the bank accept
their applications.
The deadline for lodging applications for the low-interest
loans was originally Sept. 12, but the bank closed down the
applications process early on Aug. 31.
The move meant thousands of potential customers missed out
applying for the collateral-free loans for small and medium-scale
entrepreneurs offered by the state bank.
During a meeting with city council members, Bank Mandiri
Kupang branch manager Frangky Amalo said only a limited amount of
funds, Rp 10 billion (US$1.1 million), had been prepared for the
loans disbursement. The bank had closed applications early as the
number of applicants had been sufficient, he said. -- JP