The government is preparing to cut the lending rate of its subsidized micro credit loan program (KUR) in half as it seeks ways to spur economic growth amid the decline in private consumption and exports, a minister says.
Finance Minister Bambang Brodjonegoro said on Friday as part of the government’s program to spur the local economy, the interest rate of the subsidized KUR loan could be reduced to as low as 12 percent from the current level of 22 percent and 24 percent.
http://m.thejakartapost.com/news/2015/06/13/govt-halve-micro-loan-interest-rate-12.html
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