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.

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