OJK Revokes Business License of Agribisnis Tani Makmur Merapi Cooperative

Regulatory Action by OJK

The Financial Services Authority (OJK) has taken decisive regulatory action by revoking the business license of Koperasi Lembaga Keuangan Mikro (LKM) Agribisnis Tani Makmur Merapi. The revocation, effective December 10, 2025, was formalized through OJK's official letter KEP-88/KO.13/2025 and publicly announced on December 19, 2025.

Details of the Cooperative

The cooperative was located in Dusun Krajan, Desa Krinjing, Kecamatan Dukun, Kabupaten Magelang, Central Java. The OJK's decision was made in accordance with its regulatory oversight responsibilities, ensuring that financial institutions operate within legal and regulatory frameworks.

Implications of the Revocation

The revocation of the business license means that Agribisnis Tani Makmur Merapi can no longer operate as a financial institution. This action by OJK demonstrates its commitment to maintaining the integrity and stability of Indonesia's financial system by enforcing compliance with regulatory requirements.