Tuesday, July 28th, 2015 - Roy Morgan Research

Over the last two years, small business numbers in Indonesia have grown by 6 million (to 42.5m) but the number with loans has not kept up, increasing by only 600,000 (to 11.1m). 

This data comes from Roy Morgan Single Source (Indonesia), which interviews approximately 30,000 people p.a. across the country.

Business numbers up but proportion with loans down

In 2013 there were 36.5 million small businesses in Indonesia with 10.5 million (28.7%) having some type of loan. The number of businesses in 2015 has grown to 42.5 million but the proportion with a loan has dropped to 26.2% (11.1 million).

Number of Indonesian small businesses* with loans:

indo-businesses-with-loans-chart

Source: Roy Morgan Research Single Source (Indonesia) April 2012 - March 2013 (n = 27,854); April 2014 - March 2015 (n = 28,134) *Small businesses or self-employed

 

Bank Rakyat Indonesia (BRI) dominates small business lending

Currently, BRI has the highest market share of loans to small businesses with 37.2%, well up on the 28.1% of two years ago. Being state owned, it is one of the banks that the government has decided to involve in its plan to boost business lending.

Market share of loans to Indonesian small businesses* — Top 10:

market-share-of-loans

Source: Roy Morgan Research Single Source (Indonesia) April 2014 - March 2015 (n = 7,916) *Small businesses or self-employed

The second major lender, with 12.3% market share, is Koperasi, but their share has declined from 14.5% in 2013. After these two major lenders, the market is highly fragmented, with the only other significant players being FIF (Federal International Finance) with 7.4% and Adira Dinamika Multifinance (7.2%).

Debnath Guharoy, Regional Director Asia, Roy Morgan Research, says:

“Recent Indonesian government announcement about encouraging lending to small businesses recognises that they play a major role in driving economic growth. With over 42 million small businesses in Indonesia, of which only 11.1 million or 26.2% have a loan, there is a great deal of potential to increase lending.”

View this release in full on our website.

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Keywords

indonesia, banking, finance, business, BRI, Koperasi, FIF, Adira Dinamika, Bank Mandiri, WOM,

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