JAKARTA – The Jakarta Regional-Owned Enterprise (BUMD), PT Jaminan Kredit Daerah (Jamkrida), is expected to assist street vendors (PKL) and traders at Pasar Jaya. The assistance will be in the form of capital funding, as many PKL and SMEs currently face difficulties in developing their businesses due to a lack of capital.
"Jamkrida is expected to help PKL and PD Pasar Jaya as well. There are around 120,000 kiosks in Pasar Jaya spread evenly throughout," said the Governor of DKI Jakarta, Basuki Tjahaja Purnama (Ahok), during the inauguration and opening of Jamkrida Jakarta on Friday (August 28). He revealed that the support would not only target kiosk traders in PD Pasar Jaya but also traders in several other BUMDs in Jakarta, such as PD Dharmajaya and Cipinang Food Station.
He explained that in business, PKL face not only capital issues but also loan mechanisms. When traders collaborate with third parties, the profit received by the traders is usually less than 10 percent, while third parties can gain up to 90 percent. Therefore, Ahok emphasized that Jamkrida should not require collateral from PKL applying for loans through Bank DKI.
"If Jamkrida can’t do this, just dissolve it. Give the money to the bank. If collateral is still required, I would rather proceed without it, provided that all traders are issued an ATM card. If there’s any misconduct, I will sue the traders for fraud, which carries a 12-year prison sentence," he stated.
Meanwhile, the Head of the Jakarta Office of Cooperatives, Micro, Small, Medium Enterprises, and Trade (KUMKMP), Irwansyah Yusuf, said that those eligible for guarantees are individuals who have Bank DKI accounts. This credit assistance will be prioritized for micro and small enterprises. As a pilot project, he will first map out the locations under the supervision of the KUMKMP Office that are eligible for support.
600,000 PKL
Irwansyah further explained that previously, both traders in supervised locations and temporary sites had never received business credit assistance. He emphasized that the data required by Jamkrida would come from the KUMKMP Office. However, if there are other traders who wish to apply for independent loans, this option remains available.
"They must have a Bank DKI account. If they wish to apply, they will need to open an account," he said. Currently, the data on PKL and SMEs in Jakarta shows around 600,000 businesses. Of these, only 15,000 have been registered with Jakarta Cards or Bank DKI accounts. Thus, if traders register directly with Bank DKI, this would constitute new data.
Chusnul Ma'arif, President Director of PT Jamkrida, stated that with the availability of guarantees, PKL and SMEs in Jakarta will have access to additional capital. He estimated that out of the 600,000 PKL in Jakarta, approximately 40,000 SMEs would be eligible for the guarantee.
"About 40,000 SMEs could be guaranteed. If each SME can employ three workers, around 120,000 jobs will be created in DKI Jakarta," said Chusnul. He expressed hope that the guarantees provided by Jamkrida would help businesses grow from micro-enterprises to medium-sized enterprises.
Chusnul explained that PT Jamkrida’s authorized capital is IDR 400 billion, with IDR 100 billion in paid-up capital. The Provincial Government of DKI Jakarta owns 95 percent of the shares (equivalent to IDR 95 billion), while PD Pasar Jaya holds 5 percent (equivalent to IDR 5 billion).
For the credit guarantee process, data will be collected by the KUMKMP Office and subsequently submitted to Bank DKI. Bank DKI will then analyze the credit applications to approve or reject them.
"Once the process is complete, Bank DKI will submit the credit guarantee application and transfer it to Jamkrida on behalf of the respective customers," Chusnul concluded.
Source: Sinar Harapan