This year, Perum Jamkrindo celebrates its 49th anniversary and is committed to continuing to prioritize optimal service that is professional, effective, efficient, and synergistic in a sustainable manner, ensuring benefits for the entire nation. As a State-Owned Enterprise (SOE) that plays a significant role in helping micro, small, medium enterprises, and cooperatives (UMKMK) access capital from financial institutions, Perum Jamkrindo has become the primary choice for business actors seeking guarantee services to support the growth and equitable distribution of the national economy across Indonesia.
In a launch event for Perum Jamkrindo's 49th anniversary in Jakarta on Friday, May 3, 2019, the President Director of Perum Jamkrindo, Randi Anto, stated that the company has made significant progress in fulfilling its responsibilities as a Credit Guarantee Company, starting from the establishment of the Cooperative Credit Guarantee Agency (LJKK) in 1970 until it transformed into Perum Jaminan Kredit Indonesia (Perum Jamkrindo).
“This long journey presents both opportunities and challenges for Jamkrindo's personnel to remain relevant in all aspects. As a manifestation of our contribution, let’s continue to work with a commitment to continuous improvement so that we can become better and more progressive,” said Randi Anto.
Along with the event, the new logo and the series of activities for the 49th Anniversary of Perum Jamkrindo were also launched with the theme "Working Together to Build the Nation." In line with the company’s vision, this theme is expected to reflect Perum Jamkrindo’s role as the primary choice for business actors in guarantee services to support the growth and equitable distribution of the national economy throughout Indonesia.
“In line with the company's mission, this theme represents the spirit of providing top-tier services that are professional, effective, efficient, and synergistic, with the expectation that it can provide benefits for the entire nation,” said Randi.
Furthermore, Randi Anto explained that the theme “Working Together to Build the Nation” represents a concept of change based on the spirit of synergy and collaboration through activities that benefit society. This approach ensures that Jamkrindo’s performance can be felt by all parties by prioritizing values of improvisation, social impact, broad perspectives, collaboration, and synergy. It is interpreted in the concept of brilliant growth driven by productive and proactive spirit, achieving goals through effective, efficient, engaged, customer-oriented activities, and strong team solidarity.
Perum Jamkrindo will continue to commit to expanding its guarantee market by establishing new collaborations with banks, non-bank institutions, and SOEs, while conducting strategic studies to create guarantee products in line with offerings from banking/non-bank sectors. As the only SOE operating in the guarantee industry, Perum Jamkrindo's function and role are to provide guarantees for fulfilling financial obligations for micro, small, medium enterprises (UMKM) and cooperative recipients, including guaranteeing KUR, existing products, and suretyship for banking partners and non-bank institutions.
Perum Jamkrindo is also continuously improving and adding more diverse products. In 2017, Perum Jamkrindo collaborated with two Financial Technology (FinTech) startups. The company also supports the government's policies and national development programs by providing credit guarantees to micro, small, and medium enterprises, and cooperatives. Some of its main products include Credit Guarantee for People's Business (KUR), general credit guarantees, micro-credit guarantees, bank guarantees, construction and procurement guarantees, distribution guarantees, multipurpose credit guarantees, surety bonds, credit guarantees for rural banks, home ownership program guarantees (KPR Sejahtera FLPP), customs bonds, cargo agency guarantees, and invoice financing guarantees. It has also expanded into Financial Technology guarantees.
This year, Perum Jamkrindo also hosted a competition called the “JAMKRINDO HACKATHON CHALLENGE (JHC)” – Indonesia’s first Guarantee Technology hackathon competition, pioneered by Perum Jaminan Kredit Indonesia. By transforming through the development of new features and technologies, particularly in credit guarantees for UMKM, Perum Jamkrindo aims to create new alternative guarantee products, enabling the millennial generation in Indonesia to access financing and credit guarantees for UMKM more easily and quickly.
The Jamkrindo Hackathon Challenge is expected to increase market penetration in the digital ecosystem and create new credit guarantee products for UMKM, which can provide revenue and benefits for the company. Through this competition, the goal is to create applications that support speed and efficiency in guarantee services for UMKM.
Hackathons bring together programmers, project managers, and ICT researchers/enthusiasts to build applications (hacking) to solve specific problems. The application development process takes a very short time (1-3 days), akin to a marathon. Participants form teams of 3-5 people, bring their laptops, and dive into solving problems through systems and technology.