Lenders Discouraged by High Risk Fisheries Industry
SEAFOODNEWS.COM [The Jakarta Post] November 8, 2016
Indonesia is likely to face a bumpy road ahead to boost its fisheries sector as banks are showing a reluctance to disburse loans to players in the industry, citing high risks and the sector’s vulnerability to regulatory changes.
Fishery products are perishable; thus, they must be preserved using good cold storage facilities. Without careful handling, businesspeople and fisherfolk have to incur losses from damaged goods, Indonesia's vice president director of state-owned lender Bank Rakyat Wahyu Sulistiono said on Monday.
“Only about 1 percent of the bank’s total loans have been channeled to the fisheries industry; this sector is ...
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