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25 June 2020

IPC stimulus helps MSMEs to face Pandemic

PT Pelabuhan Indonesia II (Persero) / IPC implemented a policy of providing stimulus to Micro, Small, and Medium Enterprises (MSME) Development Partners in the form of postponement of loan repayment obligations for the Partnership Program affected by Pandemic Corona Virus Disease 2019 (COVID-19). 

 

"By delaying installment payments to Foster Partners, especially MSMEs affected by Covid-19, we hope that they can go through difficult times and recover quickly in doing business in the new normal period," said President Director of PT Pelabuhan Indonesia II (Persero) / IPC, Arif Suhartono, in Jakarta, Thursday (6/25).


In line with the policy of the Ministry of SOEs as Shareholders, IPC implemented a policy of providing stimulus to IPC Fostered Partners who submitted applications due to the impact of the COVID-19 Pandemic, in the form of postponement of payment of the loan installment obligations of the Partnership Program for up to 1 (one) year, ie up to 31 March 2021.



IPC Realizes that the sustainability of MSME businesses is very important for the national economy. Based on the records of the Indonesian Ministry of Cooperatives and Small and Medium Enterprises in 2018, the number of MSMEs in Indonesia was recorded at 64.2 million units. MSMEs have a contribution of approximately 60% of Indonesia's total gross domestic product (GDP). Besides, MSME absorbs 97% of the total workforce and 99% of total employment.



"We hope that MSMEs can operate and adapt, to accelerate national economic recovery while still paying attention to the 'New Normal' protocol. Hopefully, the Covid-19 pandemic will end soon and economic activity can resume well, "concluded Arif.