MSME are the back bone of Indonesia’s economy but they get only a small portion of banks’ financing
MSMEs play a crucial role in Indonesia’s economy1:
MSMEs dominate the business units with share up to 99,9% of total business units.
MSMEs absorb around 97,2% of total labor force.
MSMEs contribute around 57,48% to the GDP.
MSMEs contribute 14.06% to export (non oil and gas)
MSME credit :
Currently SMEs constitute 19% of the total outstanding loans
Lending portfolio :20% to Micro, 30% to Small, 50% to Medium scale enterprises
The growth of MSME Credit in January 2014 around 17,4% (yoy)