PT Jaminan Kredit Indonesia (Jamkrindo), the pioneer in credit guarantees in Indonesia, has experienced significant growth in its guaranteed partners following the digital transformation of its services. As of June 30, 2022, the total number of Jamkrindo’s guaranteed partners reached 5 million, marking a 107.51% increase compared to the same period last year, which stood at 4.7 million guaranteed partners.
Suwarsito, Jamkrindo’s Director of Guarantee Business, stated that the digital transformation implemented by Jamkrindo has positively impacted the growth of its guaranteed partners. Coinciding with National Customer Day (HARPELNAS) on September 4, Jamkrindo will continue to innovate and introduce services that make it easier for guaranteed partners—particularly Micro, Small, and Medium Enterprises (UMKM)—who are key players in the recovery of the national economy, to grow and develop through guarantee services.
“The increase in the number of Jamkrindo’s guaranteed partners proves that the digital transformation strategy in products and services was the right decision. On this National Customer Day, Jamkrindo will continue to produce innovations in products and services that meet the needs of partners and make it easier for the public, especially UMKM, to access credit guarantees,” said Suwarsito on Monday, September 5.
According to data from the Ministry of Cooperatives and Small and Medium Enterprises (Kemenkop UKM), there are currently 64.2 million SMEs in Indonesia, which contribute significantly to the Gross Domestic Product (GDP) at 61.07%, amounting to Rp 8,573.89 trillion. SMEs also play a crucial role by absorbing 97% of the total workforce in the country.
Suwarsito continued, emphasizing that Jamkrindo will continue helping more SMEs across Indonesia to scale up and expand their access to financing and credit guarantees. In light of the challenges and dynamics in the business world, Jamkrindo’s transformation is expected to have a positive impact, not only on improving SME businesses and creating new jobs but also contributing to the recovery of the national economy.
“SME entrepreneurs are the heroes of the nation’s economy, especially in recovering from the pandemic. We have undertaken several transformations that will provide more ease and comfort for UMKM guaranteed partners in using guarantee services to obtain funding and credit guarantees, thereby accelerating their businesses,” added Suwarsito.
In the era of Industry 4.0 and the digital economy, Jamkrindo has introduced various business transformations using effective information technology, enabling online collaborations with UMKM partners and banking or financial institutions. This includes services like host-to-host, web services, and the Jamkrindo Online Suretyship (JOS) platform. With JOS, principals needing project guarantees no longer need to visit Jamkrindo’s office; they can register via the website suretyship.jamkrindo.co.id.
Jamkrindo has also created a digital platform to bridge the need for training opportunities, accessible via www.umkmlayak.co.id. In the future, this platform will also serve as a guarantee marketplace, connecting SMEs that need financing with financial institutions that provide loans.
“We believe that the products and services Jamkrindo has introduced will make it easier and drive the growth of SME businesses. We also hope for support and collaboration with other stakeholders in the development and strengthening of SMEs so they can scale up, contributing to the improvement of the national economy,” concluded Suwarsito.
About Jamkrindo
As a credit guarantee company under the Indonesia Financial Group (IFG) holding, Jamkrindo offers a variety of products, including both program and non-program guarantees. For program guarantees, Jamkrindo provides KUR guarantees and KMK guarantees as part of the PEN program. For non-program guarantees, Jamkrindo offers general credit guarantees, micro-credit guarantees, construction and procurement guarantees, and distribution guarantees. Jamkrindo also provides surety bonds, customs bonds, supply chain financing guarantees (invoice financing), and other types of credit guarantees.
Abdul Bari
Corporate Secretary
PT Jamkrindo