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Jamkrindo-LPDB Expand Credit Access for KUMKM

Jakarta |
Perum Jamkrindo, together with the Revolving Fund Management Institution (LPDB), signed a Cooperation Agreement (PKS) regarding Loan/Financing Guarantees for Micro, Small, and Medium Enterprises and Cooperatives (KUMKM). This strategic partnership aims to expand access and financial services for the KUMKM sector.

“This partnership cooperation is highly strategic and aims to further improve the performance of each stakeholder, both by increasing the realization of loans/financing by LPDB and boosting the guarantee volume by Perum Jamkrindo,” said Perum Jamkrindo’s President Director, Mr. Diding S. Anwar, during the signing ceremony at the Meeting Room, 1st Floor, Jamkrindo Building, Jakarta, on Wednesday (May 6).

The agreement was signed by Diding S. Anwar, President Director of Perum Jamkrindo, and Kemas Danial, President Director of LPDB. The signing was witnessed by the Board of Directors (BOD) from both parties. From Perum Jamkrindo, present were Nanang Waskito (Director of Non-Bank Guarantees), Bakti Prasetyo (Director of Bank Guarantees), and I Rusdonobanu (Director of Finance & Investment). From LPDB, present were Warso Widanarto (Director of Business) and Fitri Rinaldi (Director of Finance).

Diding S. Anwar explained that Jamkrindo is optimistic about the continuous growth of the guarantee business. Jamkrindo targets loan guarantees to reach IDR 77 trillion in 2015, an increase from IDR 42 trillion in the previous year.

Regarding the collaboration with LPDB, Diding hopes that the benefits will be directly felt by the community, especially in utilizing loan/financing products for the KUMKM sector from both institutions.

As a guarantee company, Perum Jamkrindo provides guarantees to LPDB. Both institutions share the same vision of providing opportunities for KUMKM players who have not been able to access capital sources to obtain financing from LPDB.

Another goal of this collaboration is to enhance the synergy between these two state-owned enterprises (BUMN) and support the smooth running of LPDB’s and Perum Jamkrindo’s business activities. “This synergy is a strategic step to optimize the utilization of both businesses' potential, based on mutually beneficial principles,” said Diding S. Anwar.

In 2015, Perum Jamkrindo occupied a strategic position that grew in line with the company’s equity and asset growth. The company’s total assets as of March 31, 2015, amounted to IDR 10.294 trillion, an increase of 22.64% compared to the same period the previous year. Meanwhile, total equity as of March 31, 2015, was IDR 8.606 trillion, an increase of 27.91% from March 31, 2014. The profit for the year reached IDR 197.592 billion, an increase of 39.62% from March 31, 2014.

To improve services to its business partners, Perum Jamkrindo has established a service network in 34 provinces and 21 regency/city areas. (team)

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