Product & Service

Lending to Employees Cooperative

Installment loan to Employees Cooperative to be channeled to its members. The loan may be provided under the executing scheme (where cooperative registered as the borrower) or channeling scheme (where the cooperative’s member registered as the borrower).

Conditions:

  1. The Cooperative is a separate legal entity, as evidenced by a copy of the Establishment Deed of the Cooperative endorsed by the Minister of Cooperatives and SMEs and registered in relevant local authority office.
  2. Has been in the business for a minimum of four years.
  3. Having a minimum of 100 staff as members except for Cooperative of Nationwide State-Owned Enterprise’ employees and under certain circumstances, have a minimum of 30 employees as cooperative members.
  4. Recognized profits before taxRecognized profits before tax in the last 2 years.
  5. The check in the OJK’s Debtors Information System (SID/ Sistem Informasi Debitur) shows that all of the cooperatives loans are current.
  6. Experienced in managing accounts receivable of at least IDR 400 million in the last years.
  7. Having dedicated and experienced staff to manage daily operations.
  8. Loans are channeled only permanent employees.
  9. This facility does not apply to cooperative that providing social services (jasa kemasyarakatan).