Palembang Present Interes-Free Loans To One Thousand SMEs

id The loan from the People's Economic, Program was interest free, Palembang Mayor Harnojoyo stated here recently., harnojoyo, smes,

Palembang Present Interes-Free Loans To One Thousand SMEs

Palembang Mayor Harnojoyo stated here recently. (ANTARA Sumsel/15/Dolly Rosana)

Palembang Present Interes-Free Loans To One Thousand SMEs

Palembang, S Sumatra, Dec 14 (Antara) - The Palembang municipality administration has handed over loans to one thousand small- and medium-scale enterprises (SMEs) as capital to boost their businesses prior to the 18th Asian Games.

The loan from the People's Economic Improvement Program was interest free, Palembang Mayor Harnojoyo stated here recently.

The recipients of the interest-free loans include meat ball vendors, chicken noodle vendors, and cracker vendors.   
     Out of 1,400 applicants, one thousand vendors received the loans.

"This program is sustainable and will increase in 2018," he remarked.

Asian Games 2018, Asia's biggest sporting event, will be held in Jakarta and Palembang from Aug 18 to Sept 12, 2018.

The Indonesian Government has intensified construction works of new venues and renovation of sports facilities, as well as the supporting infrastructure.

In fact, infrastructure development projects for the Asian Games 2018 are spread across various locations in Jakarta and Palembang.

Some 9,500 athletes; 2,500 personnel of the Asian Olympic Council; and 5,500 technical delegates from 45 countries will participate, or be involved, in the event. At least 3,500 media representatives are expected to cover the event.

This will be the second time that Indonesia will host the Asian Games, with the first one being held in Jakarta in 1962.

reported by Dolly Rosana (f001/INE)                         
EDITED BY INE/H-YH)