The Indonesian Chamber of Commerce and Industry (Kadin) is drawing up measures to empower small and micro businesses, including efforts to address problems of limited access to financing.
The measures would be derived from inputs from relevant stakeholders - small and micro businesses, the banking sector and regulators - and put together under a road map for MSMEs, Kadin deputy chairman for small and medium enterprises and cooperatives Sandiaga S. Uno said Wednesday.
"Most of the country's more than 40 million micro, small and medium enterprises have little or no access to bank loans. The reasons vary from tight regulations on collateral necessities, to high interest rates," Sandiaga said after a Kadin technical meeting to discuss the concept of the road map.
