Definition
Microfinance is financial services to micro-entrepreneurs and low-income communities.
Microfinance institutions of formal, semi-formal and informal financial institutions conducting financial services to micro-entrepreneurs and the low / poor.
Microfinance institutions in Indonesia consists of two groups: formal microfinance institutions and informal details of the type covered by the following:
Credit facilities are borrowing cash or other form of agreement. In repayment, including interest that has been set.
Small Business Credit (KUK) are loans given to small business customers with a maximum credit limit of Rp. 250 million to finance productive enterprises. The credit can be investment credit and working capital loans. Investment loans are long term loans / medium to finance the purchase of capital goods and services.
Loans (mortgages) are loans granted to individuals for the purchase of a home.