Just Playing at Being Santa Claus?
It is expected that thousands of MFIs will soon start appearing to provide loans for small enterprises. If the aim is to strengthen SMEs and improve the image of cooperatives, then the management of the loan disbursements will have to be businesslike and selective.
October 9, 2001
COULD my fortune be in multiples of Rp50 million? This question has been asked many times over since the news that the Ministry of Cooperatives is now in the midst of setting up Micro Financial Institutionsreferred to as MFIs. The ministry will provide each MFI with Rp50 million. The conditions are quite strict but there certainly could be loopholes. Already there is concernand some cynicismas to whether or not the loan management of Rp50 million...