BANDUNG-Financial Services Authority (OJK) handed over 100 (one hundred) micro insurance policies to farmers and families in Bandung Regency area.
In addition, 10 Certificates of Smart Agent Agreement and the distribution of 5 Kredit Usaha Rakyat (KUR) People Loan to farmers belonging to the Katata Farmer Group.
Head of West Java Regional OJK II Sarwono said Katata Farmers Group is a leading group of farmers from Pangalengan district built by UNPAD, PT. HERO Supermarket Tbk., Giant and Bank Indonesia to market their vegetable products in Hero Supermarket, Giant, Central Market in Bandung, Jakarta and Bekasi.
"The Katata Pangalengan Farmers Group is chosen because it has good business and market access but lack of financial support, limited financial access, which we facilitate for them to be more advanced," he said.
He added that in 2017, continued Sarwono, TPAKD West Java Province has 2 programs, namely the Expansion of Financial Access for Horticultural Farmers through the Utilization of Microinsurance Products and Financing of Agricultural People Loan as well as smart agents in Pangalengan Bandung Regency.
Second is the acceleration of TPAKD Formation of Sukabumi City and Garut regency. Jo