taken from http://www.inilah.com/
This action is taken since the Banks considered the UMKM is tougher compared to big corporate company with regards to global economy crisis. In the last economic crisis that hit Indonesia in 1998, many big companies has severely hit by the crisis and filled bankruptcy, so it makes the credit for corporate sector went bad.
In the other hand, UMKM is proven to be crisis-proof since they easily adapt to changes on business landscape due to their small size and flexibility. UMKM also do have not much interaction with modern financial system that is found today to be fragile.
I believe that this action path should be continuously taken by the Banks. I personally believe that only by strengthen the small and medium business, Indonesia economy shall be uplifted and it shall make a lot of people has job and steady flow of income. This is due to on this business size, a lot of side industry shall flourish to support the small and medium business. And I personally believe that Indonesian government should more focus on this sector.
[...] enterprises and business (Usaha Mikro Kecil dan Menengah-UMKM) empowerment. As I mentioned on the my post before, the UMKM sector is really proven to be crisis proof and it can sustain our national economy [...]