Microfinance Dominates Indonesian Shariah Loans
PT Bank Syariah Mandiri is adding branches in Java and Sumatra to offer so-called microfinance loans because more than 90 percent of Indonesia’s 50 million small businessmen have no access to regular bank financing.
PT Bank Muamalat Indonesia increased cooperatives set up to offer such loans by 500 to 2,500 last year. PT Bank Syariah BRI aims to triple its business next year.
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