The Insurance Agreement in the Urgency of Microcredit on Banking

Hilda Yunita Sabrie, Prawitra Thalib, Faizal Kurniawan, Yuniarti

Abstract

In the conduct of its activities, the bank will always apply the principle of prudence, particularly in granting loans to prospective debtor. Banks are responsible for funnelling the deposits funds to the society. For each credit given, granting by the bank must be implemented carefully even though the maximum credit given is not so large or otherwise falls into the category of micro-credit. The application of the precautionary principle by the bank is implemented via additional agreement in the form of an insurance agreement. So the existence of this insurance agreement is contingent with the agreement anyway, namely micro-credit agreement. This is often in practice not be noticed by the bank, because the nominal plafond given relative small, candidate of the debtor was not asked to surrender collateral as security if later on it turned out that the debtor does not run obligations in accordance with agreed credit agreement. In granting credit should the bank gives equal treatment i.e. asking for collateral in accordance with the percentage of plafond liquidated damages or make arrangements for insurance well against the collateral or credit insurance in private. This research is a normative research using research methods statute approach (based on laws and regulations), the conceptual approach and case approach.

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Paper Citation


in Harvard Style

Yunita Sabrie H., Thalib P., Kurniawan F. and Yuniarti. (2018). The Insurance Agreement in the Urgency of Microcredit on Banking.In Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS, ISBN 978-989-758-348-3, pages 214-219. DOI: 10.5220/0007540302140219


in Bibtex Style

@conference{icps18,
author={Hilda Yunita Sabrie and Prawitra Thalib and Faizal Kurniawan and Yuniarti},
title={The Insurance Agreement in the Urgency of Microcredit on Banking},
booktitle={Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS,},
year={2018},
pages={214-219},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007540302140219},
isbn={978-989-758-348-3},
}


in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS,
TI - The Insurance Agreement in the Urgency of Microcredit on Banking
SN - 978-989-758-348-3
AU - Yunita Sabrie H.
AU - Thalib P.
AU - Kurniawan F.
AU - Yuniarti.
PY - 2018
SP - 214
EP - 219
DO - 10.5220/0007540302140219