Jamkrindo managed to achieve the "very good" rating while also recording the highest score among other state-owned enterprises (BUMN) with a score of 98.94%.
The launch of the government's People's Business Credit (KUR) program brought benefits to Perum Penjaminan Kredit Indonesia (Jamkrindo). This state-owned enterprise, which is responsible for providing credit guarantee services for micro, small, and medium enterprises, as well as cooperatives (UMKMK), has shown increasingly attractive performance.
In recent years, Jamkrindo has consistently recorded positive growth in profits, supported by growth in its guarantee services. For example, in early 2010, Jamkrindo’s total guarantees reached Rp21 trillion by August 2010, representing a growth of more than 100%. This is notable considering that the total guarantee target for 2010 was Rp26 trillion. In other words, after only eight months, 85% of the target had already been reached. Furthermore, guarantees for KUR reached Rp7 trillion out of the targeted Rp8.5 trillion for the entire year 2010.
Jamkrindo’s performance was further highlighted when the Infobank Research Bureau (birI) rated 113 state-owned enterprises. Jamkrindo managed to obtain the "very good" rating while also recording the highest score among other state-owned enterprises with a score of 98.94%.
In 2011, Jamkrindo is optimistic about increasing its credit guarantees by 26%, raising the total to Rp33 trillion. According to Jamkrindo’s President Director, Nahid Hudaya, this target increase is driven by the increasingly favorable national economic conditions and the continuous support from banks in enhancing credit distribution.
Jamkrindo has become even more optimistic after receiving a government capital injection of Rp900 billion at the end of December 2010 to expand its business. The results were immediately visible. Based on data from the Guarantee and Financing Bureau of Bapepam-LK, total revenue up to June 2011 reached Rp379.74 billion, an increase compared to Rp511.30 billion in 2010.
(Source: Infobank Magazine No. 390, September 2011, Vol XXXIII)