Indonesia’s Creative Economy Agency (BEKRAF) Tuesday said it will distribute Rp 1 trillion ($76 million) from the government’s micro-credit guarantee program (KUR) to local startups.
The loans will be provided by three of Indonesian state-owned banks – PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Negara Indonesia Tbk (BBNI), and PT Bank Mandiri Tbk (BMRI).
