OJK Revokes Business License of Agribisnis Gapoktan Ngudi Rejeki Cooperative

Regulatory Action Taken

The Financial Services Authority (OJK) has officially revoked the business license of Koperasi Lembaga Keuangan Mikro (LKM) Agribisnis Gapoktan Ngudi Rejeki. The decision was made through official letter KEP-83/KO.13/2025 dated November 28, 2025, and announced on the OJK's official website on December 15, 2025. The cooperative, located in Desa Wonodadi, Kecamatan Plantungan, Kabupaten Kendal, Central Java, must cease all operations following this regulatory action.

Reasons and Implications

While the specific reasons for the revocation were not detailed in the announcement, such actions typically result from non-compliance with regulatory requirements or financial mismanagement. The revocation highlights OJK's ongoing efforts to maintain the integrity and stability of Indonesia's financial services sector, particularly in the microfinance space.

Regulatory Context

This action demonstrates OJK's commitment to enforcing financial regulations and protecting consumers. The decision to revoke the cooperative's license was made by OJK's regional office in Central Java, led by Kepala OJK Provinsi Jawa Tengah, Hidayat Prabowo. The regulatory body continues to monitor and supervise financial institutions to ensure compliance with existing regulations.