Magelang – PT Jaminan Kredit Indonesia (Jamkrindo) has committed to enhancing the financial accessibility of micro, small, and medium enterprises (MSMEs) by providing various guarantee services that simplify the process of obtaining financing from financial institutions. In the first half of 2024, Jamkrindo recorded a guarantee volume of IDR 148.36 trillion, with a total of 3.89 million MSMEs benefiting from these services.
Akhmad Purwakajaya, President Director of Jamkrindo, explained that as a credit guarantee company, Jamkrindo plays a key role in bridging the gap for MSMEs with feasible business prospects to gain access to financing. Through its credit guarantee products, Jamkrindo assists MSMEs that face challenges due to a lack of collateral or are considered "unbankable" (those who have difficulty obtaining bank loans). With these guarantees, MSMEs can secure loans from financial institutions to expand their businesses.
“Through Jamkrindo’s credit guarantees, feasible MSMEs that were previously unbankable can now access loans to increase their business capacity. Ultimately, this contributes to financial inclusion and drives economic activity,” said Akhmad Purwakajaya during the Media Gathering event in Magelang, Central Java, on Friday, August 23.
Empowering MSMEs for Sustainable Growth
To optimize the potential of MSMEs, Jamkrindo continuously runs empowerment and mentoring programs to help MSMEs increase productivity and expand their market reach, ultimately enabling them to "level up" and contribute to national economic growth.
“Jamkrindo regularly organizes training programs for MSMEs to help them advance and grow. These training sessions include coaching clinics for MSMEs, product photography workshops, optimizing the use of social media for business, business legality training, and other related programs,” Akhmad added.
In addition, Jamkrindo also invites MSMEs to showcase their products at both national and international exhibitions. Some of these international events, which have featured Jamkrindo’s partner MSMEs, have taken place in countries such as Malaysia, South Korea, Turkey, and the Netherlands. “By participating in these exhibitions, MSMEs gain valuable market access opportunities,” Akhmad said.
Social Responsibility and Environmental Support
During the Media Gathering event held from August 22-24, 2024, in Magelang, Jamkrindo also provided social and environmental responsibility (TJSL) assistance to honey bee farmers, a part of its corporate social responsibility initiatives. The support was given to the Sumber Nektar Honey Bee Farmers Group.
Joko Sadono, a member of the Sumber Nektar Honey Bee Farmers Group, shared how Jamkrindo’s mentoring and support have significantly contributed to the growth of his business. Since 2020, Joko has received Micro and Small Business Funding (PUMK) from Jamkrindo, which has allowed him to develop his business and recover post-COVID-19 pandemic. "I am grateful because, through the PUMK program and Jamkrindo’s mentoring, my business has grown and prospered,” Joko said.
Supporting Sustainable Development Goals (SDGs)
Jamkrindo’s TJSL initiatives are designed to support the Sustainable Development Goals (SDGs) by promoting economic equality and improving the welfare of communities across Indonesia. The company has carried out various community empowerment programs in areas such as Garut, Geopark Ciletuh, Kintamani, and Larantuka, helping to stimulate local economies. In each of these initiatives, Jamkrindo places a strong emphasis on SDG objectives.
“Jamkrindo always applies the principle of creating shared value (CSV), which focuses on creating both economic and social value that can be felt by the wider community,” said Akhmad Purwakajaya.
About Jamkrindo
As a state-owned credit guarantee company under the Indonesia Financial Group (IFG) holding, Jamkrindo offers a range of products, including both program-based and non-program guarantees. For program guarantees, Jamkrindo provides guarantees for the KUR (People’s Business Credit) and KMK (Working Capital Credit) under the PEN program. For non-program guarantees, Jamkrindo offers general credit guarantees, microcredit guarantees, construction and procurement guarantees, goods distribution guarantees, surety bonds, customs bonds, supply chain financing guarantees (invoice financing), and other types of credit guarantees.
For more information, contact: Aribowo
Corporate Secretary, PT Jamkrindo
[email protected]