Majority of Poor Indonesian Farmers Do Not Access Financial Services in 2024

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Akbar Ridwan 06/10/2025 17:08 WIB

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According to IDEAS, the majority of poor farmers in Indonesia will not have access to financial services in 2024.

Access of Poor Farmers in Indonesia to Financial Services, Credit, and Capital Assistance (2024)

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Majority of Poor Indonesian Farmers Do Not Access Financial Services in 2024

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Access of Poor Farmers in Indonesia to Financial Services, Credit, and Capital Assistance (2024)

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According to the Institute for Demographic and Poverty Studies (IDEAS), the majority of poor farmers in Indonesia did not access financial services in 2024.

Among the poor population working in the rice and secondary crops, horticulture, and plantation agricultural sectors, IDEAS found that only 27.93% had access to financial products/services, such as banking, insurance, and fintech.

Furthermore, only 26.78% of poor farmers had savings accounts.

Meanwhile, only 6.83% accessed capital loans from state-owned enterprises (SOEs), specifically PT Permodalan Nasional Madani through the Fostering Prosperous Family Economy program (PNM-Mekaar).

The proportion of poor farmers accessing other types of financial services was even smaller, ranging from less than 5% down to 0.05%.

"This low financial inclusion indicates that most poor farmers do not have sufficient capital to finance their cultivation processes, which ultimately impacts their low productivity and income," IDEAS stated in its report.

"Farmers, especially poor farmers, complain about the difficulty of obtaining capital assistance like KUR due to complex administrative requirements, such as limited land ownership documents or other administrative prerequisites," they added.

Below are the details of poor farmers' access to financial services, credit, and capital assistance in Indonesia in 2024, according to IDEAS' findings:

Financial products/services (banking, insurance, financing institutions, pension funds, fintech)

Yes: 27.93%
No: 72.07%

Savings account

Yes: 26.78%
No: 73.22%

PNM-Mekaar

Yes: 6.83%
No: 93.17%

People's Business Credit (KUR)

Yes: 4.71%
No: 95.29%

Credit from cooperatives

Yes: 2.35%
No: 97.65%

Credit from commercial banks other than KUR

Yes: 1.02%
No: 98.98%

Pegadaian (State-owned Pawn Service)

Yes: 0.76%
No: 99.24%

Individuals with interest (private lenders)

Yes: 0.72%
No: 99.28%

Leasing companies

Yes: 0.28%
No: 99.72%

Village-owned enterprises (BUMDes)

Yes: 0.27%
No: 99.73%

Credit from Rural Banks (BPR)

Yes: 0.21%
No: 99.79%

Government capital facilities

Yes: 0.06%
No: 99.94%

Online loans

Yes: 0.05%
No: 99.95%

Other credits

Yes: 2.74%
No: 97.26%

IDEAS obtained these figures from an analysis of the results of the 2024 National Socio-Economic Survey (Susenas) released by Statistics Indonesia (BPS).

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."

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Majority of Poor Indonesian Farmers Do Not Access Financial Services in 2024

Majority of Poor Indonesian Farmers Do Not Access Financial Services in 2024

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Majority of Poor Indonesian Farmers Do Not Access Financial Services in 2024

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Gianyar Regency Government's Regional Revenue Realization as of December 2025

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Realization of Manado City Government's Local Own-Source Revenue (PAD) as of December 2025

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