KUMKMP Department to Allocate Rp 1,051 B to 3 Cooperatives

Jakarta Cooperatives, Micro, Small and Medium Scale Enterprises and Trade (KUMKMP) Department is scheduled to re-allocate fund Rp 1.051 billion for three cooperatives, especially small and medium enterprises.

After being verified, the fund would only be allocated to three cooperatives

Those cooperatives are Pasar Matraman will receive Rp 350 million, Pinangranti Urban Village's Financial Service (KJK) Rp 351 million and Cipete Urban Village's Financial Service Rp 350 million.

Head of Sustainable Fund Distribution Unit (UPDB) for Jakarta KUMKMP Department, Ernalis Yulianti disclosed initially, as many as five cooperatives had received the fund. "After being verified, the fund would only be allocated to three cooperatives," she expressed, Wednesday (9/24).

576,000 Students Received KJP Fund

Head of Jakarta KUMKMP Department, Joko Kundaryo uttered since 2009-2014, there are 252 KJK recipients with total fund Rp 311.669 billion. As for the number of fund user is 115,898 small an medium scale enterprises.

"To ge fund recipient, each cooperatives must be healthy and pass the verification from UPDB, like its member number must be  complete, no arrears, and etc," he told.

While, Head of Pinangranti Urban Village KJK, Ahmad (50) admitted his side was happy after receiving the fund again. All this time, he had it three times. "200 small enterprises of our member have received the fund. Its amount is vary, between Rp 1-5 million," he stated.