Perum Jamkrindo continues to strengthen its role in supporting the growth of micro, small, and medium enterprises (MSMEs) and cooperatives. MSMEs serve as the backbone of Indonesia’s economy, contributing significantly to national development.
To enhance MSME capacity, Perum Jamkrindo plays a key role through its credit guarantee business, enabling MSMEs to access financial loans. One of the main programs facilitated by Jamkrindo is the People’s Business Credit (KUR) program, which has been running for several years.
Perum Jamkrindo's Director of HR, General Affairs, and Compliance, Sulis Usdoko, emphasized the need for external support to help MSMEs overcome financing difficulties.
"Perum Jamkrindo provides MSMEs with access to financial institutions, allowing them to scale up their businesses," said Sulis Usdoko, speaking at the Creative SME Festival seminar in Yogyakarta on Saturday, August 3, 2019.
As a state-owned enterprise (BUMN), Perum Jamkrindo acts as a credit guarantor, helping financial institutions provide funding to MSMEs and cooperatives. This guarantee mechanism expands financing opportunities for MSMEs that previously struggled to obtain capital, thereby increasing their business growth potential.
Sulis Usdoko highlighted that Indonesia has enormous MSME development potential, stating:
"More stakeholders are now showing concern for MSME development in Indonesia. Moving forward, collaboration will be essential in enhancing competitiveness."
Perum Jamkrindo recorded a guarantee volume of IDR 102.88 trillion, reflecting an 18% increase from IDR 86.3 trillion in the same period of the previous year. The guarantee volume consists of: KUR (People’s Business Credit) guarantees: IDR 28.53 trillion and Non-KUR guarantees: IDR 74.35 trillion.
This strong performance resulted in a pre-tax profit (EBT) of IDR 372.03 billion, marking an 82.28% increase from IDR 204.1 billion the previous year.
This success is attributed to sustainable business strategies, including: Enhancing human resource competencies, Developing value-added guarantee products, Expanding market penetration through innovation, Strengthening strategic collaborations with business partners.
As of June 2019, Perum Jamkrindo’s total assets reached IDR 17.40 trillion, a 7.11% increase from December 31, 2018. Meanwhile, equity stood at IDR 11.67 trillion, reflecting a 3.30% increase.
By year-end, Perum Jamkrindo remains confident in achieving its credit guarantee volume target of IDR 182.36 trillion. The company is committed to expanding its guarantee market, forging new partnerships with banks, non-bank financial institutions, and other state-owned enterprises (BUMN), while also conducting strategic research to develop new guarantee products that align with financial industry trends.