President Prabowo Subianto announced that Indonesia’s productive-credit program, which disbursed Rp53.15 trillion to more than 2.1 million borrowers between August and October 2026, will target Rp400 trillion (about US$24 billion) for roughly 28 million families next year.

The article frames the expansion as an effort to extend formal credit beyond Java and reduce reliance on informal moneylenders, while also supporting food-supply stability that can ease inflation pressures.

It cautions that the thirteenfold increase in reach risks weaker underwriting, higher non-performing loans, and moral hazard, and stresses the need for alternative-data credit scoring, offtaker linkages, and public, region-by-region performance tracking.

On October 22, in a convention hall at JIExpo Kemayoran in Jakarta, President Prabowo Subianto handed symbolic loan agreements to five ordinary borrowers: a worker, a market trader, a farmer, a fisherman. The loans ranged from Rp5 million to Rp400 million. In a country of 280 million people, that’s pocket change. But those five people stood in for a bigger number. Between August and October 2026, Rp53.15 trillion in productive credit had reached just over 2.1 million debtors through 343 financial institutions.

Then came the headline. Next year, Prabowo said, the target is Rp400 trillion, roughly US$24 billion, for about 28 million families. Count spouses and children, as he did on stage, and that’s close to 100 million Indonesians.

Yet the most telling part of the announcement wasn’t the figure. It was the venue. Prabowo made the pledge at the national coordination meeting of the Tim Percepatan Akses Keuangan Daerah (TPAKD), the regional teams that bring governors, regents, the financial regulator OJK, Bank Indonesia’s regional offices and local banks around one table. He framed the money as a........

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