History

• Koperasi Abdi Kerta Raharja was established in July 2009.

• Most members of the cooperative are impoverished women. 

• Koperasi Abdi Kerta Raharja adopts the Grameen Bank concept of group lending.

• Koperasi Abdi Kerta Raharja is inspired by Indonesia’s first vice president Mohammad Hatta’s philosophy and principles of cooperatives and Nobel Laureate Muhammad Yunus’ Grameen Bank, which has succeeded in reducing poverty rates in Bangladesh.

• Abdi Kerta Raharja’s Standard Operating Procedure is a modification of that of a cooperative and the Grameen Bank microfinance.

• Abdi Kerta Raharja is the only government-initiated cooperative in Indonesia with total assets of more than Rp 82 billion, an almost zero percent NPL and more than 56,000 members.

• Koperasi Abdi Kerta Raharja’s motto is “The Poor, The Bankable” and it apply this principle to the members and the general public, because it believes that help must be provided for the poor.

Koperasi Abdi Kerta Raharja in Numbers

As of April 2018:

• 27,192 borrowers

• IDR 47.3 billion in loans outstanding

• 0.40% non-performing loans

• 12 branch offices 

• Coverage: Tangerang City, South Tangerang, Serang, and Bogor.

Mission

1. To nurture our members and build a society in which our cooperative can act as an intermediary with a good corporate governance.

2. To facilitate an economic, social and cultural environment that is characterized as highly discipline, active, dynamic, creative, innovative and self-sufficient as well as having a great sense of family and togetherness, in line with the cooperative’s principles and foundation.

3. To break the cycle of poverty: “Low income – Low savings – Low investment – Low income” and turn it into: “Low income – Financing – Higher investment – Higher income – More Financing – Higher investment – Higher income”.

4. To boost opportunities for small businesses in order to promote social and economic growth by providing initial and additional financing facilities needed for growing businesses, production management, education, home renovation, sanitation and environmental management.

5. To give positive contribution to our members by nurturing savings habit (capital formation) using our savings facilities that we manage professionally in our cooperative in order to achieve optimal investment.

6. To develop skills and professionalism among our human resources and encourage them to be productive and innovative, with an expertise in competitive and sustainable technology.

7. To develop the best cooperative where members proudly serve, create, accomplish and invest and to be the embodiment of worship to the Almighty as well as a model of a trustworthy cooperative.