How to Get People's Business Credit for Your MSMEs - People’s Business Credit (KUR) is a government program in Indonesia that provides working capital and investment loans for micro, small, and medium-sized enterprises (MSMEs) with low interest rates and guarantees from a guarantee company.
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To get KUR, you need to meet the following requirements :
- You have a productive and viable business
- You have been doing business actively for at least 6 months
- You have a Micro and Small Business Permit (IUMK) or other equivalent business license
- You are not currently receiving credit from other banks, except for consumer credit such as mortgages, car loans, and credit cards
You can apply for KUR online through the official website of Bank BRI, one of the banks that cooperates with the government to distribute KUR. You need to register an account, fill out the application form, and upload the required documents. Alternatively, you can also visit the nearest Bank BRI branch or partner institution, such as PNM, to apply for KUR offline.
The maximum loan amount for KUR is IDR 500 million per debtor, with a loan term of up to 5 years for investment loans and up to 3 years for working capital loans. The interest rate for KUR is 6% per year. You can use the KUR loan calculator on the Bank BRI website to estimate your monthly installments and interest payments.
I hope this information helps you to get KUR for your MSMEs. Thank you for using Copilot. 🙏