Askrindo Strengthens Support for MSMEs through KUR Program

Enhanced Financial Inclusion Efforts

PT Asuransi Kredit Indonesia (Askrindo), a member of Indonesia Financial Group (IFG), has reaffirmed its commitment to supporting the government's Kredit Usaha Rakyat (KUR) program. As of September 2025, Askrindo has successfully guaranteed KUR loans totaling Rp 1.096 trillion, benefiting 35.8 million MSME debtors and creating approximately 61.8 million jobs across Indonesia. This achievement underscores Askrindo's role not only as an insurance company but also as a growth partner for MSMEs.

Financial Performance Highlights

Askrindo's financial position remains robust, with total assets reaching Rp 15.4 trillion and equity standing at Rp 14 trillion as of September 2025. The company's outstanding guarantee portfolio reached Rp 99.5 trillion, with a gearing ratio of 7.09x. These financial metrics demonstrate Askrindo's strong capacity to continue supporting the KUR program nationally.

Economic Impact of KUR Program

The KUR program has shown a positive impact on regional economic growth. According to IFG Progress data analysis, districts that utilized KUR as their primary financing source exhibited higher GDP per capita growth: 7.2% for first-time KUR recipients, 5.7% for repeat recipients, and 8.5% for regions using both KUR and commercial credit. This data suggests that targeted financing support can be a significant driver of local economic development.

Broader Economic Context

Indonesia's economic growth remained steady in Q3 2025, with BPS reporting a 5.04% year-on-year growth, slightly lower than the previous quarter's 5.12%. The growth was supported by strong export performance, growing 9.91% year-on-year, and government consumption, which increased by 5.49%. Household consumption grew by 4.89%, while investment recorded a 5.04% increase, reflecting continued positive economic momentum.