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OJK says its anti-loan-shark credit programme has reached 2.28 million borrowers

Published Data as of IndonesiaCredit
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Key points

Implications for lenders

A programme that has reached 2.28 million borrowers at an average of about IDR 28.4 m may compete with lenders serving micro-businesses and low-income households on price. Lenders in this segment may want to check borrowers' existing programme loans in credit-bureau data during underwriting, and to watch how the planned IDR 400 trn is channelled before setting funding and pricing plans for next year.

Implications

ExecutivesDirected programmes aimed at the same households as informal and digital lenders can compete on price, so lenders serving micro-borrowers face a policy-backed rival.
InvestorsA large planned financing push for rural and low-income groups may change funding and partnership opportunities for banks and finance companies, depending on channels not yet announced.
OperatorsRegional banks and lenders taking part in TPAKD programmes may see higher application volumes from first-time formal borrowers who need simpler onboarding and close repayment follow-up.

Facts

Programme results: in its release on the 2026 national coordination meeting of the regional acceleration teams for financial access (TPAKD), OJK said the Kredit/Pembiayaan Melawan Rentenir (K/PMR) programme has channelled IDR 64.85 trn 1 to 2.28 million debtors. 2 The programme is run through the TPAKD network, which OJK puts at 552 teams across provinces, districts and cities. 3

Earlier level: OJK had reported IDR 46.7 trn 4 channelled to about 1.7 million debtors 5 for the second quarter of 2025. The release does not state the period covered by the latest figures or whether they are cumulative.

Plan: the release reports that the President plans to channel IDR 400 trn of financing next year to farmers, fishers, rural communities, remote and less-developed areas and low-income urban residents. 6 It does not give the channels, terms or funding source.

Analysis

Time series: between the two OJK statements the programme's reported credit rose from IDR 46.7 trn to IDR 64.85 trn and its borrower count from about 1.7 million to 2.28 million. Dividing the latest credit figure by the number of debtors gives about IDR 28.4 m per borrower, 7 a ticket size closer to micro-business lending than to the small cash loans that informal lenders typically provide.

Scale against digital lending: outstanding online lending (pindar) was IDR 106.94 trn in August. 8 The two figures are not directly comparable, since one is a stock of loans and the other credit channelled over a period not stated, but they show that subsidised and directed programmes are a material source of credit at the low-income end alongside digital platforms.

Counterpoints and uncertainties

The release gives no period, repayment or arrears data for K/PMR, so neither growth nor credit quality can be assessed; directed credit has in other programmes produced weaker repayment when screening is loose. The planned IDR 400 trn has no stated design, and how it is channelled will decide whether it reaches borrowers now served by informal lenders.

Key figures

  1. Credit channelled under the K/PMR anti-loan-shark programme (as reported 22 Oct 2026): IDR 64.85 trn (up from IDR 46.7 trn reported for the second quarter of 2025)
    The release does not state the period covered; the Q2 2025 comparison comes from an OJK statement reported by Kontan.
    . Credit/financing channelled under OJK's Kredit/Pembiayaan Melawan Rentenir programme, as stated by OJK. Indonesia, national programme. Basis date: 22 Oct 2026. Source: OJK press release SP 198/OJK/DKPU/X/2026: Rakornas TPAKD 2026 (2026-10-22)
  2. Borrowers reached by the K/PMR programme (as reported 22 Oct 2026): 2.28 million (up from about 1.7 million reported for the second quarter of 2025). Number of debtors receiving K/PMR credit/financing, as stated by OJK. Indonesia, national programme. Basis date: 22 Oct 2026. Source: OJK press release SP 198/OJK/DKPU/X/2026: Rakornas TPAKD 2026 (2026-10-22)
  3. Regional acceleration teams for financial access (TPAKD): 552. Number of TPAKD: 38 provincial and 514 district/city teams, as stated by OJK. Indonesia, national programme. Basis date: 22 Oct 2026. Source: OJK press release SP 198/OJK/DKPU/X/2026: Rakornas TPAKD 2026 (2026-10-22)
  4. Credit channelled under the K/PMR programme, second quarter of 2025: IDR 46.7 trn. K/PMR credit/financing as stated by OJK at its October 2025 press conference. Indonesia, national programme. Basis date: 30 Jun 2025. Source: Kontan: OJK, 1.7 juta debitur masuk dalam program kredit melawan rentenir per kuartal II-2025 (2025-10-13)
  5. Borrowers reached by the K/PMR programme, second quarter of 2025: about 1.7 million. K/PMR debtors as stated by OJK at its October 2025 press conference. Indonesia, national programme. Basis date: 30 Jun 2025. Source: Kontan: OJK, 1.7 juta debitur masuk dalam program kredit melawan rentenir per kuartal II-2025 (2025-10-13)
  6. Financing the President plans to channel next year (announced 22 Oct 2026): IDR 400 trn
    A plan announced at the Rakornas; the release gives no channels, terms or funding source.
    . Planned financing for farmers, fishers, rural and remote communities and low-income urban residents, as stated in the OJK release. Indonesia, national programme. Basis date: 22 Oct 2026. Source: OJK press release SP 198/OJK/DKPU/X/2026: Rakornas TPAKD 2026 (2026-10-22)
  7. Average K/PMR credit per borrower (T&S calculation): about IDR 28.4 m
    Derived from IDR 64.85 trn / 2.28 million debtors; the release gives no loan-size distribution.
    . T&S calculation: K/PMR credit channelled divided by number of debtors; not an official figure. Indonesia, national programme. Basis date: 22 Oct 2026. Source: OJK press release SP 198/OJK/DKPU/X/2026: Rakornas TPAKD 2026 (2026-10-22)
  8. Online lending (pindar) outstanding: IDR 106.94 trn (up from IDR 105.63 trn at end-July). Outstanding loans of licensed peer-to-peer lending platforms. Licensed online lending (pindar / P2P) platforms. Basis date: 31 Aug 2026. Source: Infobanknews: OJK catat pembiayaan pindar Rp106,94 T pada Agustus 2026 (2026-10-05)

Sources

  1. OJK press release SP 198/OJK/DKPU/X/2026: Rakornas TPAKD 2026 (2026-10-22)primary
  2. Kontan: OJK, 1.7 juta debitur masuk dalam program kredit melawan rentenir per kuartal II-2025 (2025-10-13)
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A Japanese version of this article is available: 日本語版

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