# Kredit Usaha Mikro

## New Kredit Usaha Mikro

# Micro Business Loan (KUM)

## Micro Business Loans

Micro Business Loans (KUM) are provided to micro enterprises to finance productive business purposes, both for investment and working capital needs.

### Features & Benefits :

- Quick and easy loan process
- Easy terms
- Limit of up to Rp. 200 Million
- Tenor of up to 5 years
- Security may be in the form of the object financed and fixed assets.
- Competitive Interest rates on a flat / fixed bases over the loan period
- Monthly installments.

### Application Requirements :

- Indonesian citizen domiciled in Indonesia.
- Minimum of 2 years carrying on same business at same location.
- Minimum age of 21 or married. Maximum age of 60 at time when loan is fully repaid.
- Has never obtained a loan facility or has previously obtained or currently has a loan facility that is classified as performing or is not categorized as non-performing
- Documentary Requirements:
  - Copy of applicant’s identity card and copy of identity card of applicant’s spouse.
  - Copy of Family Registration Card
  - Copy of Marriage Certificate (for married applicant) or divorce certificate (for divorced applicant)
  - Copy of NPWP
- Business Certificate from the Village/Sub-district Head, Market Agency or Local Authority where the applicant has his/her business or Business License
- Copy of Mandiri Tabungan or Mandiri TabunganMU passbook issued in the name of the applicant.

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