Perum Jamkrindo has entered into a partnership with PT Amartha Mikro Fintek to provide guarantees (Kafalah) for working capital financing (group) for micro-entrepreneurs. This collaboration marks the first time for financial technology (fintech) services.
The agreement was signed at the Perum Jamkrindo office on Thursday, August 31, 2017, by the Director of Guarantee Business at Perum Jamkrindo, Bakti Prasetyo, and the President Director of PT Amartha Mikro Fintek, Andi Taufan Garuda Putra, witnessed by the Director of Finance, Investment, and Risk Management of Perum Jamkrindo, I. Rusdonobanu, and Vice President of PT Amartha Mikro Fintek, Aria Widyanto.
Bakti Prasetyo stated that Perum Jamkrindo, as the only state-owned enterprise (BUMN) focusing on guarantees, is for the first time providing a guarantee for a company that offers Peer-to-Peer (P2P) Lending services. "This is our first collaboration in the fintech industry, and we hope it will be beneficial for both parties," he said.
Bakti explained that Perum Jamkrindo has several flagship products, including the guarantee for the People's Business Credit (KUR) program, general credit guarantees, microcredit guarantees, bank guarantees/counter guarantees, construction and procurement credit guarantees, distribution guarantees, multipurpose credit guarantees, surety bonds, BPR/BPRS credit guarantees, Sejahtera FLPP KPR guarantees, customs bonds, cargo agency guarantees, and invoice financing guarantees.
Perum Jamkrindo continues to improve its performance through various strategic initiatives, including expanding its network by adding branch offices and service units. Currently, the company has 56 branch offices and 14 service units.
To enhance business reliability, the company has also implemented an integrated IT system to increase the effectiveness of business processes supporting its operational activities. Another initiative is the optimization of the operational network, including the standardization of the organization, business targets, and the display and classification of work units to be implemented across all Perum Jamkrindo branch offices.
Recently, Perum Jamkrindo also launched a new service, a call center for product information and communication with Customer Service Representatives. For call center services, partners and customers of Jamkrindo can contact 1500701, which will further improve the role of MSMEs.
In 2017, Perum Jamkrindo remains committed to guaranteeing credit/financing for MSMEs, targeting a total of IDR 146 trillion (consolidated), which is a 16 percent increase from the 2016 achievement.
On this occasion, Taufan mentioned that Amartha, as a provider of information technology-based peer-to-peer (P2P) lending services, offers, manages, and operates P2P lending services. He hopes that this collaboration will encourage greater progress for micro-entrepreneurs in Indonesia.
PT Amartha Mikro Fintek is officially registered with the Directorate of Institutional and Non-Bank Financial Products (IKNB) of the Financial Services Authority (OJK). Amartha has been providing P2P Lending services since 2010.
The P2PL business activities of fintech companies are currently governed by regulation POJK Number 77/01-2016 on Information Technology-Based Lending Services, issued in December 2016. With this decision, Amartha hopes to increase public trust in investing.
By 2016, Amartha had successfully bridged more than 34,000 micro-entrepreneurs across Indonesia to over 10,000 registered investors, with a total of IDR 100 billion in distributed funds.
To strengthen the development of P2PL business for micro-economic actors and boost investor confidence, on Thursday, August 31, 2017, PT Amartha Mikro Fintek collaborated with Perum Jamkrindo, a BUMN Guarantee for MSME Financing, which is also the first Guarantee Company licensed by OJK to engage in P2PL guarantee business.