Labor-Intensive Industry Credit (KIPK)

A financing program from the Indonesian government to help labor-intensive industry sectors to improve competitiveness, productivity, and business expansion through investment credit and working capital with subsidized interest.

  • Requirements and Procedures
    • Have a productive and viable business
    • Have a Taxpayer Identification Number (NPWP)
    • Have a Business Identification Number (NIB)
    • Be a participant of the employment social security organizing agency (BPJS Ketenagakerjaan)
    • Have been running a business for at least 2 (two) years in the labor-intensive industry sector
    • Have a workforce of at least 50 (fifty) people for a minimum period of the last 12 (twelve) months
    • No negative information evidenced by the results of trade checking, community checking, and/or bank checking
    • Not currently receiving other government program business credits simultaneously
    • Already a customer or willing to become a Bank Jatim customer
  • Fees
    • Provision Fee: 0.5% of the credit ceiling
    • Administration Fee: Rp500,000 (Five Hundred Thousand Rupiah)
    • Collateral Appraisal Fee: Rp50,000 (fifty thousand rupiah) up to Rp1,000,000 (One Million Rupiah) depending on the credit ceiling
  • Benefits
    • Create jobs by strengthening labor-absorbing industries
    • Improve competitiveness through the revitalization of production machines with government-subsidized interest
    • Encourage national economic growth by modernizing businesses
    • Provide easy access to financing up to Rp10 billion with lower interest.
  • RIPLAY (Product or Service Information Summary)

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