SM.ENT'PRISE D.III

closed

The fixed investment and working capital (KIK/KMKP) credit component of the project would assist the Government from mid-1984 to mid-1986 in financing small enterprise projects nationwide in nearly all economic sectors. It is expected that through the provision of credit, additional employment opportunities would be created and the incomes of small entrepreneurs would be improved. Approximately 173,000 subloans would be made. The working capital (KMKP) financing is expected to particularly help small entrepreneurs to keep their businesses functioning during the present prolonged recession. The credit component of the proposed loan helps to finance KIK/KMKP subloans committed over a two-year period. The technical assistance component is designed to: (a) strengthen BI's management of the KIK/KMKP program by providing appropriate advisors; and (b) improve the capacity of the handling banks to implement the KIK/KMKP program, with particular attention being given to the needs of BRI.