In contrast, less than 5% of the subsidised credit potentially available through KUPS was borrowed. A major reason for this low uptake is that eligible borrowers do not have the collateral to meet the banks commercial lending requirements. The participating banks bear the full extent of the credit risk and the selection of farmers for participation is at the sole discretion of the executing banks. This was replaced in 2008 by the People’s Business Credit (Kredit Usaha Rafeyat, KUR), which integrated SP3 with several other guaranteed credit programmes conducted by other government ministries.