A research-based report that prioritizes data analysis and business universe surveys.
UMKM has become the backbone of the national economy with a contribution of 61.9% to the GDP. However, many UMKM that want to develop their businesses are still facing financing problems. Deregulation and other breakthroughs are needed to encourage UMKM to level up and be sustainable.
As many as 40% of respondents stated that UMKM have difficulty obtaining bank credit access. Three key factors in UMKM development: ease of access to credit, promotion and market expansion strategies, and good management.
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