Perum Jamkrindo has signed a Cooperation Agreement (PKS) with Bank Mandiri for the provision of credit guarantees for construction and procurement projects funded entirely by the state budget (APBN), regional budget (APBD), state-owned enterprises (BUMN), and regional-owned enterprises (BUMD), with a project value limit of up to IDR 5 billion.
The signing took place at the Ministry of BUMN Office on Monday, April 16, 2018. Present at the event were Perum Jamkrindo's President Director Randi Anto, Vice President Director of Bank Mandiri Sulaiman A. Arianto, and Director of Guarantee Business Amin Mas'udi.
Also witnessing the signing were officials from the Ministry of BUMN, including Deputy for Financial Services, Survey Services, and Consultants Gatot Trihargo, Assistant Deputy for Financial Services, Survey Services, and Consultants Bandung Pardede, and Head of Financial Services, Survey Services, and Consultants M. K. Rozikin.
In addition, a cooperation agreement was also signed between Bank Mandiri and PT Askrindo, PT Jasindo, PT Asuransi Jiwasraya, and PT Asuransi Asei Indonesia.
This cooperation aims to guarantee credit/financing for Micro, Small, Medium Enterprises (UMKM) or cooperatives (Koperasi) for additional working capital in construction services and procurement of goods/services in line with their respective contracts, where the repayment source is from APBN/APBD/BUMN funds.
Randi Anto explained that this cooperation is a strategic step to optimize business potential and enhance synergy and the smooth operation of both parties' business activities with mutual benefit principles.
“This cooperation is very strategic and aims to further improve the performance of both parties, as well as increase the volume of guarantees provided by Perum Jamkrindo,” he said in a statement in Jakarta.
He further explained that the business potential for guarantees is quite significant, with the guarantee cooperation for both cash and non-cash loans with Bank Mandiri still holding great potential for expansion, aimed at increasing access to financing sources for UMKM actors through Bank Mandiri.
"Perum Jamkrindo is always present to provide guarantees for the development of UMKM and cooperatives to support the growth of the national economy," he emphasized.
The UMKM sector plays an important role in economic development. According to data from Statistics Indonesia (BPS), UMKM's contribution to the economy is significant, reaching 61.41 percent. However, ironically, only 22% have access to credit from banks, while the rest have not yet been touched due to being "Feasible But Not Yet Bankable."
From the data on the realization of credit guarantee volumes at Perum Jamkrindo with Bank Mandiri between 2015 and 2017, a total of IDR 19.2 trillion was achieved. This included Business Banking Credit of IDR 159.8 billion, Construction and Procurement of Goods/Services Credit of IDR 13.4 billion, Counter Bank Guarantee Credit of IDR 461.7 billion, Micro Credit of IDR 356.4 billion, Multi-purpose Credit of IDR 42.5 billion, Mandiri Micro Multi-purpose Credit of IDR 24.3 billion, Non-collateral Credit of IDR 43.9 billion, General Credit of IDR 3.5 billion, People's Business Credit (KUR) in 2015 of IDR 18 billion, and Invoice Financing of IDR 92.8 billion.
As the only State-Owned Enterprise (BUMN) providing guarantees, Perum Jamkrindo has been serving UMKM in Indonesia for 47 years through its guarantee services, partnering with both banking and non-banking institutions. The scope of Perum Jamkrindo's business includes government assignments such as Credit Guarantees for People's Business Loans (KUR), Micro Credit Guarantees, General Credit Guarantees, Multi-purpose Credit Guarantees, Goods Distribution Credit Guarantees, Home Ownership Loan Guarantees (FLPP), Motor Vehicle Credit Guarantees, Surety Bond Guarantees, Custom Bond Guarantees, Bank Guarantees/Counter Guarantees, Supply Chain Financing Guarantees, and Warehouse Receipt System Guarantees.
Furthermore, Perum Jamkrindo is continuously developing various guarantee products to further strengthen its role in supporting the development of UMKM in Indonesia, including guarantees for peer-to-peer (P2P) lending, while adhering to the company's vision of becoming a leading guarantee company that supports the growth of the national economy.
In 2017, Perum Jamkrindo successfully recorded a profit of IDR 1.02 trillion, an increase from the previous year's IDR 941.4 billion. The company's assets also grew from IDR 13.4 trillion in 2016 to IDR 14.6 trillion in 2017.
Perum Jamkrindo also achieved an Unqualified Opinion (WTP) for its financial statements in 2017, based on an audit by the Public Accounting Firm Hertanto, Grace, Karunawan (HGK), member of TIAG, announced on Wednesday, February 28, 2018.
In terms of implementing good corporate governance (GCG), Perum Jamkrindo under President Director Randi Anto received a "very good" rating based on the certification from PEFINDO (Credit Rating Agency), with an AA Plus (Double A Plus, Stable Outlook) rating.
In 2018, Perum Jamkrindo continues to improve by focusing on efficiency and effectiveness to face increasingly significant business challenges. The company strives to better execute its business while maintaining its core competency in the UMKMK sector.
With its motto for 2018, "Let's Change & Grow," Perum Jamkrindo will continue to grow. Today, Perum Jamkrindo is expanding and developing into a locomotive of the guarantee industry in Indonesia and has an extensive network with 9 regional offices, 1 special branch office, 56 branch offices, and 16 service unit offices (KUP). Perum Jamkrindo demonstrates its strong commitment to helping UMKMK across Indonesia by providing guarantees to mitigate the financial risks faced by UMKMK entrepreneurs.