Labor-Intensive Industry Credit (KIPK)

A financing program from the Indonesian government designed to support industrial sectors that absorb a large workforce (labor-intensive) to enhance competitiveness, productivity, and business expansion through investment and working capital credit with subsidized interest rates.

  • Requirements and Procedures
    • Must have a productive and feasible business
    • Must have a Taxpayer Identification Number (NPWP)
    • Must have a Business Identification Number (NIB)
    • Must be a participant in the Social Security Administrative Body for Employment (BPJS Ketenagakerjaan)
    • Must have been operating in the labor-intensive industry for at least 2 (two) years
    • Must have at least 50 (fifty) employees for a minimum period of the last 12 (twelve) months
    • No negative information as evidenced by trade checking, community checking, and/or bank checking results
    • Not currently receiving other government business program loans simultaneously
    • Is already a customer or willing to become a Bank Jatim customer
  • Fees
    • Provision Fee: 0.5% of the credit limit (plafond)
    • Administrative Fee: IDR 500,000 (Five Hundred Thousand Rupiah)
    • Collateral Appraisal Fee: IDR 50,000 to IDR 1,000,000, depending on the credit limit
  • Benefits
    • Creates job opportunities by strengthening labor-absorbing industries
    • Enhances competitiveness through the revitalization of production machinery with government-subsidized interest
    • Drives national economic growth through business modernization
    • Provides easy access to financing up to IDR 10 billion with lower interest rates.
  • RIPLAY (Product and Service Information Summary)

For requirements, further terms, or information regarding our products, please contact Info Bank Jatim at 14044 or visit the nearest Bank Jatim Branch Office.