"The amount of credit for 2012 is bigger than last year`s of Rp25 Trillion," Small and Medium Enterprises Minister Syarief Hasan said here on Monday.
He expressed hope the loans would increase the spirit of entrepreneurship among the public and provide a large number of job opportunities.
"We have prepared a loaning mechanism where people who borrow less than Rp20 million from banks won`t need to provide collateral," said the minister.
According to data, there are currently 55.2 million small and medium sized enterprises in Indonesia.
(Uu.A051/INE/KR-BSR/O001)
Editor: Priyambodo RH
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