| dc.description.abstract | BPR X Cirebon is one of MFI (Microfinance Institutions) which provides capital assistance to SMEs in Astanajapura Subdistrict, Cirebon Regency. The purpose of this study are (1) to outline the factors that make BPR X Cirebon was able to maintain the value of NPL below 5 percent, (2) to analyze the credit risk value of BPR X Cirebon with quantitative calculation of Value at Risk (VaR), and (3) to analyze the credit risk management of BPR X Cirebon. The results of this study show that the BPR X Cirebon’s NPL value was below 5 percent is caused by a good financial performance was resulted from the BPR X Cirebon’s ability in managing credit risk. VaR calculation results indicate the possibility of loss which is faced by BPR X Cirebon in 2012 with a 95% confidence level is 11.62% of the outstanding total. At the 99% confidence level, the possibility of BPR X Cirebon’s maximum loss is 16.44% of the outstanding total. Credit risk management is important to reduce losses from non-performing loans. If the non-performing loans can be controlled, BPR X Cirebon can enhance its role to provide funding for SMEs. | en |
