JAKARTA LIFE'S STYLE
Rural credit interest rate in Indonesia is listed second highest after Myanmar worldwide. The high interest rate causes small- and medium-sized enterprises to have difficulties in competing with other countries.Adviser of the Minister of Industry, Erna Zeta, stated that the loan interest rates in China and Thailand vary between four and eight percent. The interest rate in Indonesia stays at above ten percent.
"We still gain less investment. How can we get better profit if the interest rate is still high?" said Erna in Jakarta today, Oct 18.
According to Erna, the Ministry of Industry wants Bank Indonesia to urge banks that disburse credit to lower the loan interest rate.
Meanwhile, Director General of Small- and Medium-sized Enterprises, Euis Saidah, said that up until the end of August of 2010, the channeled rural credit reached Rp 24.7 trillion with the number of debtors at 3.1 million.
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Translated by: Bonardo Maulana W
• VIVAnews
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