Posts Tagged ‘Indonesia’

Microfinance Focus, Sep 7, 2010: World Bank’s International Finance Corporation (IFC) together with Bank Sinar Harapan Bali and AXIS launched a mobile-banking project to establish low-cost banking that will help expand access to basic financial services for millions of underserved in Indonesia. The project will be carried out over 16 months, with an initial focus on building awareness and trust in electronic transactions among the target ... Full story

Microfinance Focus, Jan. 13, 2010: The Indonesian government has relaxed some rules of its micro-credit support program (KUR) including lowering lending rates and extending loan restructuring periods, reports Jakarta Post. This year government will provide a loan guarantee facility of Rp 2 trillion ($218 million), to support up to Rp 20 trillion of KUR, Coordinating Economic Minister  Hatta Rajasa said on Tuesday while signing ... Full story