Pegadaian of Karimun Target Rp100 Billion for Loan Distribution

Public Company (Perum) Pegadaian (Pawnshop) Branch of Tanjung Balai Karimun, Karimun regency, Riau Islands Province targeting conventional credit and fiduciary loans amounting to Rp100 billion in 2011.

Branch Head Pegadaian of Tanjung Balai Karimun, Deswizar said, conventional credit will be done in four sub-branches, one each in Sei Lakam, Tanjung Balai Karimun District, Baran and Sei Raya, Meral District and Tebing District.

According Deswizar, until now the new conventional loan disbursements by 53 percent.

Conventional credit and fiduciary loans have credit interest that are small enough that is equal to one percent in one year.

Conventional credit and fiduciary loans disbursed to small and medium-sized businesses with collateral in the form of gold jewelry, books of vehicle ownership, family cards, marriage certificates and utility bills last. For loan applicants will be approved after the pawnshop business conduct feasibility survey.

Fiduciary credit only for productive enterprise that has stood for two years. Any sufficiently collateralize SMEs document Proof of Ownership of Motor Vehicles (reg) or other valuables.

Each credit will be submitting our feasibility survey efforts. Clearly, the maximum amount of credit disbursed 80 percent of the value of the collateral according to market prices.

"Condition is very easy, after BPKB be checked at a police station, we will immediately disburse the loan," 'he said.

Credit period between 12 months, 18 months and 26 months, credit will be repaid if the borrower prior to the time period will be given discount rate. So is the borrower who always pay on time get a discount installment credit interest.

In 2010, Tanjung Balai Karimun Pawnshop has disbursed Rp 5 billion in fiduciary credit to small and medium businesses.

"Fiduciary credit absorption increased from year to year. Since its launch, we've channeled Rp 5 billion,'' he said. (kepri online daily)