JAKARTA - Jamkrindo is committed to improving the accessibility of financial services for MSMEs to financial institutions. This commitment is demonstrated through a variety of guarantee services that facilitate MSMEs in obtaining financing from financial institutions.
Suwarsito, the Director of Business Guarantee at PT Jamkrindo, explained that as a guarantee company, Jamkrindo plays a role in bridging feasible MSMEs to access financing with guarantee services. Jamkrindo's presence helps MSME actors who face difficulties due to the lack of or insufficient collateral to obtain financing facilities.
With the availability of MSME guarantees, the economy will continue to move positively. "With Jamkrindo's credit guarantee, MSMEs that are feasible but not yet bankable can access the financing they need. This will ultimately impact the increase in financial inclusion," he said.
As a mature guarantee company with 52 years of experience, Jamkrindo has been trusted to contribute to various government programs, including the KUR Program and the Working Capital Loan (KMK) Program under the National Economic Recovery.
As of July 2022, on a consolidated basis, the company has realized a guarantee volume of IDR 119.07 trillion for the KUR Program, an increase from the previous year's IDR 74.03 trillion. For the KMK PEN program, Jamkrindo has realized a guarantee volume of IDR 1.2 trillion.
In addition to enhancing its role in financial inclusion through guarantee services, Jamkrindo is also committed to continuously improving financial literacy. The company actively participates in various workshops and forums to increase financial literacy, particularly in the credit guarantee industry.
Furthermore, the company is actively providing training to MSMEs to help them grow and level up. These training programs include MSME coaching clinics, product photography for MSMEs, optimizing social media for business, business legality training, MSME business classes to rise from the pandemic, and more.
Various community empowerment initiatives have also been carried out, such as community empowerment in the Ciletuh Geopark, Sukabumi, aimed at improving the welfare of the community. "Since 2019, we have initiated a sustainable program in Ciletuh as a form of commitment to environmental social responsibility, especially in the Creating Shared Value (CSV) aspect," said Suwarsito.
In the era of Industry 4.0 and the digital economy, Jamkrindo has introduced various transformations in its business through the use of appropriate information technology. This has enabled collaborations with MSME partners and banking or financial institutions to be carried out online, including host-to-host, web service, and the Jamkrindo Online Suretyship (JOS) platform.
Jamkrindo also has a digital platform designed to bridge the need for training programs at www.umkmlayak.co.id. In the future, in addition to bridging access to training, this platform will also serve as a marketplace guarantee, connecting MSMEs in need of financing with financial institutions providing loans.
"As part of the Insurance and Guarantee Holding under Indonesia Financial Group, we believe the products and services provided by Jamkrindo will further facilitate and drive the growth of MSME businesses. Furthermore, we seek support and invite collaboration with other stakeholders in the development and strengthening of MSMEs to help them level up and contribute to the improvement of the national economy," said Suwarsito.
About Jamkrindo
As a credit guarantee company within the Indonesia Financial Group (IFG) holding, Jamkrindo offers a variety of products, both program and non-program guarantees. For program guarantees, Jamkrindo provides KUR guarantees and KMK guarantees under the PEN program. For non-program guarantees, Jamkrindo offers general credit guarantees, microcredit guarantees, construction and procurement guarantees, distribution guarantees, surety bonds, customs bonds, supply chain financing guarantees (invoice financing), and other credit guarantees.