Micro Credit Agreement Between Individual Customers and Business Entities with Banking Institutions in the Legal Perspective of Business Contract Design
Dewi Anggraeni(a), Agung Edi Suyono(a), Nandan Limakrisna(b*), Herlisianne Suyanto (a)
a) Universitas Pamulang, Banten Indonesia
b*) Univeristas Persada Indonesia YAI. Jakarta and Universitas Winaya Mukti, Bandung.
Abstract
As a business entity that plays a vital role in maintaining sustainability in funding as well as raising funds from and by the community, the role of banks, both red plate banks, national private banks and foreign private banks operating in Indonesia cannot be underestimated. The existence of the banking world is an absolute prerequisite for the growth of the economy of a country. Various regulations and legal umbrella that can update the development of the banking world become a necessity. Selectively in giving micro credit approval to customers, both entities or individuals engaged in MSMEs, the key to the banking world is to avoid the risk of bad debt and also the existence of immovable asset guarantees. crucial in dismissing all the adverse effects that will occur when a default occurs.
Keywords: micro credit, banking institutions
Topic: Financial Management and Accounting