Al-Roudloh Sharia Savings and Loans Cooperative or KSPPS Al-Roudloh had the opportunity to get a loan from LPDB-KUMKM after being bridged by the Rumah Energi Foundation (YRE). The cooperative located in Todanan District, Blora Regency, with two branch offices, has 7,193 active members with total assets of Rp. 28,591,261,233.13.
These loans are channeled to members as capital for productive businesses such as trade, agriculture, animal husbandry, and biogas development. KSPPS Al-Roudloh currently has one head office and two branch offices, with many members having productive businesses from that sector, so they are considere according to the criteria.
Loans to cooperative members provided with the condition of paying a profit sharing of 1.2% – 1.5% will be paid at the time of loan installments or loan repayment. The time needed for the loan process is around 3-5 days. Loans that have been given are used to increase business capital. LPDB-KUMKM loans are intended only for productive business development in the form of purchasing goods or tools for business.
“YRE helps KSPPS AL-Roudloh by introducing it to LPDB-KUMKM in developing members’ productive businesses. Members are more flexible in setting the loan repayment period, and the interest given is cheaper. LPDB-KUMKM provides business opportunities for KSPPS Al-Roudloh members to be more advanced in their business.” Mr. Suratno explained.