The PEN Guarantee Program provides coverage in accordance with the Government Regulation on Implementing the National Economic Recovery Program, which is designed to support state financial policies in tackling the 2019 Coronavirus Disease (Covid-19) pandemic and/or addressing threats that endanger the national economy and/or the stability of the financial system, as well as safeguarding overall economic well-being.
LEGAL BASIS
- PP RI Nomor 43 Tahun 2020 tentang Pelaksanaan Penjaminan Program Pemulihan Ekonomi Nasional dalam Rangka Mendukung Kebijakan Keuangan Negara Untuk Penanganan Pandemi Corona Virus Disease 2019 (COVID-19).
- PMK No 71/PMK.08/2020 tentang Tata Cara Penjaminan Pemerintah Melalui Badan Usaha Penjaminan yang ditunjuk dalam Rangka Pelaksanaan Penjaminan Program Pemulihan Ekonomi Nasional.
- KMK No 304/KMK.08/2020 tentang Penugasan Kepada PT Jaminan Kredit Indonesia (PT Jamkrindo) untuk Melaksanakan Penjaminan Pemerintah dalam Rangka Pelaksanaan Program Pemulihan Ekonomi Nasional.
- PKP No PRJ-253/PR/2020 – 08/PKS/NON-OP/VII/2020 tanggal 6 Juli 2020 Kementerian Keuangan Republik Indonesia dengan PT Jamkrindo.
Eligible Borrowers for Coverage:
- Customers whose businesses have been impacted by COVID-19.
- Micro, small, and medium enterprises.
- Sole proprietorships or legally registered business entities.
- Hold a performing loan (categorized as Classification 1 or 2) as of February 29, 2020, and at the time of credit application.
- Must not be listed on the National Negative List (DHN).
- Possess a valid National Identification Number (NIK).
- Have a Taxpayer Identification Number (NPWP) for any loan above 50 million rupiah.
- Possess necessary legal documents for their business.
- Fulfill the eligibility requirements for the guaranteed loan.
- Maintain a permanent business location within the territory of the Republic of Indonesia.