PT Jamkrindo, along with its subsidiary PT Penjaminan Jamkrindo Syariah (Jamsyar), has provided guarantees totaling IDR 14.4 trillion for Working Capital Loans (KMK) to support the National Economic Recovery (PEN) program initiated by the government.
Jamkrindo's President Director, Putrama Wahju Setyawan, explained that the company has realized PEN guarantees up to this point, with PT Jamkrindo providing IDR 9.9 trillion and PT Jamsyar providing IDR 4.5 trillion.
'PT Jamkrindo, together with its subsidiary, fully supports the government's program through KMK guarantees to accelerate the national economic recovery,' said Putrama in a press release on Thursday, April 22, 2021.
Putrama also stated that PT Jamkrindo and PT Jamsyar have already provided guarantees to 936,731 debtors, who are business players that have received KMK disbursed by banks. 'Jamkrindo has cooperated with various parties, especially the banking sector, to ensure the success of this program, with the goal of boosting the confidence of banks in distributing working capital loans to business players,' he explained.
The PEN Guarantee Program aims to protect, maintain, and improve the economic capacity of business players from both the real sector and financial sector in running their businesses. PT Jamkrindo, which is part of the Indonesia Financial Group (IFG) holding, has also been trusted to guarantee the People's Business Credit (KUR) before being assigned to carry out PEN Guarantees. 'We are always present in government programs to ensure that more SMEs can grow,' he added.
As a credit guarantee company, PT Jamkrindo offers various products, both program and non-program guarantees. In terms of program guarantees, PT Jamkrindo offers KUR guarantees and KMK guarantees as part of the PEN program.
For non-program guarantees, the company offers general credit guarantees, microcredit guarantees, construction and procurement guarantees, multipurpose credit guarantees, goods distribution guarantees, surety bonds, customs bonds, cargo agency guarantees, supply chain financing (invoice financing) guarantees, and guarantees for fintech institutions.