# Indonesian bank KUR financing for MSMEs > Live situation record from CLSTR: https://clstr.news/situations/indonesian-bank-kur-financing-for-msmes > Updated: 2026-10-25T02:33:04.000Z. Sources: 12. Developments: 8. In September 2026, Indonesian banks began implementing various Kredit Usaha Rakyat (KUR) schemes to support Micro, Small, and Medium Enterprises (MSMEs). Bank Central Asia (BCA) launched its 2026 program, offering loans between Rp100 million and Rp500 million with interest rates starting at 6 percent and tenors of one to five years. Following this, Bank Syariah Indonesia (BSI), Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), and Bank Mandiri provided subsidized financing. BRI and BNI offered ceilings of approximately Rp100 million with 6 percent effective annual interest rates, while Bank Mandiri facilitated programs with ceilings of Rp50 million. By early October 2026, Deputy Minister of MSMEs Helvi Yuni Moraza reported that KUR distribution reached Rp243.3 trillion, benefiting 3.77 million MSMEs. Approximately Rp159 trillion (66 percent) of these funds were allocated to the production sector, meeting the government's 65 percent target. Regional activity remained significant: in Central Java, distribution reached Rp42.8 trillion across 760,477 debtors, while in South Kalimantan, distribution stood at Rp3.8 trillion for 61,251 debtors. The Deputy Minister expressed a goal to reach Rp5 trillion in KUR distribution in South Kalimantan by the end of 2026. New data from BRI indicates that between January and August 2026, the bank distributed Rp144.59 trillion in KUR to 2.76 million debtors. Of this, 68.38 percent (Rp98.86 trillion) was directed toward productive sectors, with the largest portion (42.79 percent) allocated to agriculture, hunting, and forestry. Parallel to bank-led initiatives, the Baznas Microfinance Desa (BMD) program has been providing capital and training to local entrepreneurs using zakat funds to foster economic independence. ## Timeline ### 2026-10-25: Indonesia targets Rp5 trillion KUR distribution in South Kalimantan Indonesia aims to reach Rp5 trillion in KUR credit distribution in South Kalimantan by late 2026, supported by low-interest MSME loan programs from state banks like BNI. 3 sources. https://clstr.news/cluster/indonesia-targets-rp5-trillion-kur-distribution-in-south-kalimantan ### 2026-10-23: Indonesia KUR microcredit distribution reaches Rp260 trillion Indonesia's KUR microcredit distribution reached Rp260 trillion by October 2026, serving 4 million MSME debtors with 65.9% of funds directed to productive sectors. 2 sources. https://clstr.news/cluster/indonesia-kur-microcredit-distribution-reaches-rp260-trillion ### 2026-10-19: Indonesia expands KUR microcredit to support fisheries and MSMEs Indonesia is scaling up its KUR microcredit program, targeting fisheries in West Nusa Tenggara and increasing Bank Kalbar's allocation to Rp1 trillion by 2027 to support West Kalimantan MSMEs. 3 sources. https://clstr.news/cluster/indonesia-expands-kur-microcredit-to-support-fisheries-and-msmes ### 2026-10-13: Indonesia MSMEs receive financial support through BNI loans and Baznas microfinance Indonesian MSMEs are receiving diverse financial support, including BNI's KUR loan program with 6 percent interest and Baznas's microfinance initiative providing capital and training to local businesses. 4 sources. https://clstr.news/cluster/indonesia-msmes-receive-financial-support-through-bni-loans-and-baznas-microfinance ### 2026-10-06: Indonesia KUR program reaches Rp243.3 trillion in MSME credit distribution Indonesia's KUR program has distributed Rp243.3 trillion to 3.77 million MSMEs by October 2026, with banks like BNI and BCA offering low-interest loans to support business growth. 2 sources. https://clstr.news/cluster/indonesia-kur-program-reaches-rp2433-trillion-in-msme-credit-distribution ### 2026-10-02: Indonesian banks offer 2026 KUR loans for UMKM Indonesian banks BRI, Mandiri, and BNI are offering 2026 KUR loan programs to support UMKM with interest rates around 6 percent and flexible repayment terms for working capital and investment. 2 sources. https://clstr.news/cluster/indonesian-banks-offer-2026-kur-loans-for-umkm ### 2026-09-20: Indonesian banks offer 2026 KUR financing for UMKM Major Indonesian banks including BSI, BCA, BRI, and BNI are offering 2026 KUR financing schemes to support UMKM with flexible tenors and subsidized interest rates. 2 sources. https://clstr.news/cluster/indonesian-banks-offer-2026-kur-financing-for-umkm ### 2026-09-07: BCA launches 2026 KUR loan program for MSMEs BCA has launched its 2026 KUR program, offering MSMEs loans between Rp100-500 million with interest rates starting at 6% and tenors of 1-5 years. 2 sources. https://clstr.news/cluster/bca-launches-2026-kur-loan-program-for-msmes --- Cite as: Indonesian bank KUR financing for MSMEs. CLSTR, https://clstr.news/situations/indonesian-bank-kur-financing-for-msmes