Pontianak (Suara Kalbar) – The Indonesian Financing Companies Association (APPI) is again holding Multifinance Day which will be held for the first time in Kalimantan on 11-13 October.

The Assistant for Economy and Development of the Regional Secretariat of West Kalimantan Province, Ignasius said that this program is a form of educational activity, literacy and financial inclusion, industry, financing, and also in order to support the activities of the financial inclusion month and part of the OJK's national financial intelligence program which was launched by the OJK on 22 August 2024.

"This is relevant to the 2024 TPAKD program, accelerating the utilization of non-bank industry service products that are sized according to community needs. This activity specifically supports the literacy program and business matching financial inclusion program that targets 12 activities," said Ignasius Friday (11/12/2024) afternoon

Ignasius explained that the role of financing companies is no less important as an alternative source of financing for the community to buy goods or meet capital needs and easier and relatively fast loan access.

"If accompanied by targeted financing planning, it can encourage economic growth, create jobs and increase competitiveness," he explained.

Meanwhile, APPI General Chair Suwandi Wiranto explained that a total of 31 financing companies participated in enlivening the 8th Multifinance Day event held in Pontianak City.

"It is important for someone who wants to borrow to know clearly who they are borrowing from, and to ensure that the lending company is trusted," he explained.

He added, currently there are many loan products available, people can choose non-riba sharia products, for those who do not want to get involved with usury. In addition, there are also loans that offer installment payment schemes for 3 or 6 months, which can be arranged according to each person's financial capabilities.

"The goal is to increase people's financial literacy so that before going into debt, they think carefully and discuss with lending companies that are in accordance with their financial capabilities," he concluded.