Jakarta, July 15 -- Red and White Village/Sub-district Cooperatives ( Koperasi Desa/Kelurahan Merah Putih ) will be able to access financing through the People's Business Credit (KUR) program from July 22, 2025, Deputy Minister for Cooperatives, Ferry Juliantono, announced on Tuesday.

"God willing, the formation process will be completed by July 21. Then, starting July 22, Red and White Cooperatives will be able to access KUR financing through state-owned banks under Himbara," he said during a meeting at the Coordinating Ministry for Food Affairs in Jakarta.

The initial financing for the village cooperatives will be channeled through a special KUR scheme, with each cooperative allowed to secure a maximum loan of up to Rp3 billion (aroun...