OJK Revokes Business License of Agribisnis Ngudi Luhur Cooperative

Regulatory Action Against LKM Agribisnis Ngudi Luhur

The Financial Services Authority (OJK) has taken decisive regulatory action by revoking the business license of Koperasi Lembaga Keuangan Mikro (LKM) Agribisnis Ngudi Luhur. This decision was formalized through official letter KEP-87/KO.13/2025 dated December 4, 2025, and publicly announced on December 18, 2025.

Details of the Revocation

The revocation order was signed on December 4, 2025, and became effective on the same date. Hidayat Prabowo, Head of OJK Central Java Province, announced that the cooperative's business operations must cease immediately. The cooperative was based in Dusun Jrakah, Kaliurang Village, Srumbung District, Magelang Regency.

Implications of the Regulatory Action

This regulatory action by OJK demonstrates the authority's commitment to maintaining the integrity and stability of Indonesia's financial services sector, particularly in the microfinance space. The revocation highlights OJK's ongoing supervision and enforcement activities to ensure compliance with financial regulations.