Bill on Microfinance Institutions

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). The Bill’s main objective is to empower underprivileged and low-income citizens....