Disbursement of People's Business Credit Reaches Rp365 Trillion in 2022

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Adi Ahdiat 22/12/2022 16:30 WIB

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In 2022, the value of disbursed People's Business Credit (KUR) loans reached Rp365.9 trillion, with 8.53 million borrowers.

Number of Debtors and Value of People's Business Credit Disbursement Agreements (2015-2022)

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Disbursement of People's Business Credit Reaches Rp365 Trillion in 2022

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Number of Debtors and Value of People's Business Credit Disbursement Agreements (2015-2022)

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According to the Ministry of Finance's Credit Program Information System (SIKP), from the beginning of the year to the end of December 2022, the disbursed value of People's Business Credit (KUR) reached Rp365.9 trillion, with 8.53 million debtors.

The value and number of KUR debtors far exceeded the 2021 achievement, setting a new record high since 2015, as shown in the graph.

The government plans to increase the KUR disbursement target for the following year.

"In the Coordinating Meeting of the Financing Policy Committee for MSMEs on July 22, 2022, Coordinating Minister Airlangga stated that the KUR disbursement target for 2023 has been set at Rp470 trillion and Rp585 trillion for 2024," said the Coordinating Ministry for Economic Affairs' publication team in its press release on Monday (December 19, 2022).

According to data from the Coordinating Ministry for Economic Affairs, until mid-December 2022, the outstanding KUR debtor loans reached Rp476 trillion, with a non-performing loan (NPL) ratio of 1.1%.

Throughout this year, approximately 66.29% of KUR disbursements went to micro businesses, 31.95% to small businesses, 1.75% to super micro businesses, and 0.01% to Indonesian migrant workers (PMI).

Cumulatively, from 2014 to 2022, the largest KUR disbursing banks were Bank Rakyat Indonesia (BRI), Bank Mandiri, Bank Negara Indonesia (BNI), and Bank Syariah Indonesia (BSI).

*Note: This article was updated on December 14, 2023, following data updates on the Ministry of Finance's SIKP website.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."