HAVE YOU EVER GET A LOAN FOR YOUR MICRO BUSINESS FROM GOVERNMENT ?

Loan for Micro Business (UKM)

It is loan specifically designed to help Micro Business owner who need additional capital for investment, working capital, and consumption purposes. This loan is given to Micro Business owner and household business owner, including business entity/private company, traditional business groups, and individual (such as: farmer, breeder, fishermen, and merchant).



KUM facility can be given to Micro Business which comply the following criteria:

* Maximum net of worth is Rp 200 million (Not including land and plant property).
* Individual or business entity (having or not having legality as business entity) such as: household business, farmer, breeder, fishermen, and merchant.
* Owned by Indonesia citizen.
* Independent business in which it isn't a part of business group.

L oan for Micro Business (KUM) consist of 5 loan product

1. KUM Mandiri , Given to individual business owner with maximum loan limit is Rp 10 Million.

2. KUM Mapan , Given to individual business owner with loan limit is above Rp 10 Million up to Rp 50 Million.

3. KUM Prima , Given to individual business owner or business entity with loan limit is above Rp 50 Million up to Rp 100 Million.

4. KUM Kelompok , Given to traditional business group for productive purposes with maximum loan limit is Rp 50 Million.



Requirements :

For Individual or business entity

* Indonesia Citizen

* Age between 21 up to 60 years old (already married).

* Submitting copy of applicant's identity document, such as: Citizen Identification Card, Official Family Card, Marriage Certificate, etc.

* Submitting copy of business licenses which is issued by City Mayor or Authority Government in business location.

* Especially for KUM Prima's debtor, it must submit copy of business licenses in accordance with type of business which is financed.

For traditional business group

* Having business that already existed minimally 2 years.

* Traditional business group which is supervised and monitored by Bank or other institutions based on type of business and location.

* Having 5 up to 20 members.

* Age of member is between 21 up to 60 years old (already married).

* Submitting copy of applicant's identity document, such as: Citizen Identification Card, Official Family Card, Marriage Certificate, etc.

* Having activity report and definitive plan.

* Having business legality from Authority Government.

Features :

* Maximum loan limit is according with type of loan and debtor's ability, in which is up to Rp 100 Million.
* Type of loan is aflopend plafond.
* Maximum period for debt settlement is 36 months.
* Without any obligation for self financing.
* Main collateral is the business itself and additional collateral would be needed only if the bank requires.

Benefits :

* Competitive interest rate.
* Easy and fast loan process.
* Easy loan requirements.
* No provision and administration fee (except for KUM Prima).
* Without obligation to submit additional collateral in a kind of fixed assets (only eligible for KUM Mandiri).

*) Interest rate may change at anytime


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ok thats was regulary Banks policy...

As we Known, Micro business enterpreneurs have enough support from government. It is because their high contribution to economical government growth. But, is that enough to fullfill all people need in their own country ?

What about grant or evenly a loan for your micro business from government ?

Have you ever get a loan for your micro business from government ?




Source : http://www.bankmandiri.co.id/english/article/265805761517.asp