July 15, 2020, 05.35 PM

Around 26.6 percent of Indonesian SMEs have reported a drop in sales by 60 percent while another 15 percent have experienced sales falling 31 to 60 percent.

An additional 14.2 percent of Indonesia’s small businesses reported a sales drop between 10 and 30 percent although 4.5 percent of the businesses experienced stable sales performance amid the pandemic.

A mere 3.6 percent of Indonesian SMEs recorded an uptick in sales performance.

Iskandar acknowledged that although some Indonesian SMEs experienced sales growth, the figure does not compare to the number of businesses experiencing a slump in sales.

Read also: Luhut Panjaitan: Indonesian SMEs are the Backbone of National Economy

The majority of the smaller businesses that reported higher sales performance were those selling medical gear such as masks or personal protective gear.

Iskandar shared that the pandemic has pushed some Indonesian SMEs to transition to online sales channels.

On the other hand, a staggering 92.6 percent of Indonesian SMEs admitted to facing difficulties in repaying loans.

Read also: Go Digital, Indonesian Agricultural Small Businesses Urged

Around 26.6 percent of them are unable to pay back any loans.

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