OJK Revokes Business License of Agribisnis Sido Rukun Cooperative

Regulatory Action Against Non-Compliant LKM

The Financial Services Authority (OJK) has taken decisive regulatory action by revoking the business license of Koperasi Lembaga Keuangan Mikro (LKM) Agribisnis Sido Rukun. The revocation, effective November 20, 2025, was formalized through OJK's official letter KEP-78/KO.13/2025. The announcement was made public on December 21, 2025, through OJK's official website.

Background and Implications

The cooperative, located in Desa Karangsuno, Kecamatan Cepiring, Kabupaten Kendal, Central Java, was operating as a microfinance institution under OJK's supervision. The revocation of its business license marks a significant regulatory action against non-compliant financial cooperatives. OJK's decision demonstrates its commitment to maintaining the integrity and stability of Indonesia's financial services sector.

Regulatory Oversight

OJK's action against LKM Agribisnis Sido Rukun highlights the authority's ongoing efforts to enforce regulatory compliance among financial institutions. The decision was communicated through an official announcement by Hidayat Prabowo, Head of OJK Central Java Province. This move is part of OJK's broader mandate to protect consumers and maintain financial system stability.