Bill on Microfinance Institutions

OVERVIEW The government submitted a Draft Bill on Microfinance Institutions (“Microfinance Bill”) to the House of Representatives in 2010. The Microfinance Bill is an important step toward creating legal certainty for microfinance activities in Indonesia and strengthening and developing a people-centered economy (ekonomi kerakyatan). Microfinance has become an important source of financial services for the poor around the world and has a long history in Indonesia....