Kamis 09 Jan 2014 08:31 WIB

Loan sharks entangle hundreds of small-medium-scale businessmen

Money (illustration)
Foto: picturesofmoney.org
Money (illustration)

REPUBLIKA.CO.ID, CIANUR -- Hundreds of small-and-medium scale enterprises (UKM) in Cianjur District, West Java and Makassar, South Sulawesi are still indebted to loan sharks, spokesmen said.

Head of the Cianjur small-and-medium scale cooperatives, Ridwan Ilyasin and a representative of Makassar fishermen made the remarks separately.

Ridwan Ilyasin said on Wednesday that it will be difficult for business people, to expand their businesses, even threatened with bankruptcy because interest rates set by the loan sharks are steadily increasing to 20 percent.

According to Ridwan, many of the small entrepreneurs are indebted to loan sharks masquerading as cooperative.

"The entrepreneurs are not aware that the interest on the loan could incriminate them. Although they knew that the interest is so interest, but they are tempted because the loan process runs quickly," he said.

In addition Ridwan said, borrowing money for business from loan sharks is one alternative to get a fast loan because banks and cooperatives considered to have practiced long process and complicated.

Meanwhile Kamaruddin, a representative of Makassar fishermen said in South Sulawesi provincial city of Makassar on Wednesday (Dec 18/2013) said that the government considered to give less attention to the small-scale fishermen, so they have to deal with loan sharks to borrow money in order to catch fish.

Earlier, the South Sulawesi vice governor Agus Arifin Nu `mang said the local government had made the commodities of marine fisheries as a leading sector.

sumber : Antara
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