"Supporting the community's economy is crucial, as MSMEs contribute significantly to Indonesia's economy," said Frederica Widyasari Dewi, the OJK's Chief Executive for Supervision of Financial Services Provider Behavior, Education, and Consumer Protection, in Jakarta on Tuesday.
"Some 99 percent of business units in Indonesia are MSMEs, and they are also responsible for remarkable job creation. This is something I truly commend and support," she affirmed.
The OJK implements massive educational activities in various regions, like Ngargogondo Village in Magelang, Central Java, to increase the financial literacy of the community, including MSMEs.
She remarked that in supporting MSMEs, the OJK invites the financial institutions to provide support, especially regarding MSME financing, so that MSMEs in Indonesia can improve. The OJK also often conducts business matching.
"OJK organizes a lot of business matching, meaning we gather a lot of MSME players and bring them together with banks and also the financial services industry that can provide loans," she stated.
The OJK also provides necessary assistance for MSMEs to grow their businesses.
Dewi appealed to people who received loans or financing assistance from the financial institutions to maintain a history of financial records through SLIK OJK, so that in the future, it will be easy to obtain loan facilities again from credible lenders.
Local residents, predominantly farmers, MSME owners, tourism industry players, millennial entrepreneurs, members of the Regional Apparatus Organization (OPD), and the general public participated in educational activities held in Ngargogondo Village.
Participants also gained knowledge and insights on various topics, including awareness of illegal online loans, financial planning, People's Business Credit, Micro Credit, and Rice Farming Business Insurance.
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Translator: Martha Herlinawati Simanjuntak, Cindy Frishanti Oc
Editor: Anton Santoso
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