PT Jamkrindo has been actively socializing the working capital loan (KMK) guarantee for micro, small, and medium enterprises (MSMEs) as part of the National Economic Recovery Program (PEN). Today, the largest credit guarantee company held a Jamkrindo Talk webinar themed "Working Capital Loan Guarantee to Save MSMEs" on Monday, August 24, 2020.
Present as speakers were the Director of Business and Guarantee at PT Jamkrindo, Amin Mas'udi, the Director of Financial Risk Management at the Ministry of Finance, Heri Setiawan, and the Founder of Media Kernels Indonesia, Ismail Fahmi.
The President Director of Jamkrindo, Randi Anto, stated that the webinar was expected to help MSMEs better understand the PEN KMK Program. He hopes it will raise awareness of the program among MSME players.
“This socialization is essential to support the achievement of the PEN KMK program distribution target. As a credit guarantee provider, Jamkrindo doesn’t just want to be passive; we are actively reaching out and socializing with other stakeholders, both from the government and the banking sector,” said Randi.
In his presentation, Heri Setiawan explained that the scheme for guaranteeing working capital loans for MSMEs is regulated through PMK 71/2020. In its implementation, the government has assigned PT Jamkrindo and PT Askrindo to carry out the PEN program guarantee, while considering the country's financial capacity and fiscal sustainability. "The goal of providing working capital loans is to protect, maintain, and improve the economic ability of businesses from both the real sector and the financial sector in running their businesses," said Heri.
The criteria for the guarantee recipients, in this case, the banks, are that they must be commercial banks with a good reputation and classified as healthy banks with a composite rating of 1 or 2 according to the Financial Services Authority (OJK) health assessment, and capable of providing an adequate information system to implement the government guarantee program.
Meanwhile, the criteria for the guaranteed parties, or MSME entrepreneurs, include being micro, small, or medium-sized enterprises with a loan ceiling of up to IDR 10 billion per debtor, including additional facilities that have been received.
The loans guaranteed are those with guarantee certificates issued no later than November 30, 2021, until the loan term ends. The loan term for MSMEs is a maximum of 3 years. MSMEs must not be on the national blacklist, and their loans should be performing well, with a loan classification of 1 or 2 as of February 29, 2020. "The guaranteed MSMEs can be in the form of individuals, cooperatives, or business entities," said Heri.
Meanwhile, the Director of Business Guarantee at Jamkrindo, Amin Mas'udi, stated that up until now, Jamkrindo has collaborated with 20 banks distributing the PEN KMK loans. As of August 24, 2020, the total PEN KMK guarantee realized by Jamkrindo reached IDR 849.79 billion, benefiting 1,473 MSMEs. “With our service network spread across 9 regional offices, 56 branch offices, and 19 service units, we are ready to support this PEN KMK program,” said Amin.
The Founder of Media Kernels Indonesia, Ismail Fahmi, in his presentation, shared tips and tricks for MSMEs to survive and recover in the pandemic era, such as leveraging technology in marketing. He also advised MSMEs to closely monitor the changing behavior of consumers during the pandemic. “MSMEs must be adaptive to these developments and trends in consumer behavior,” he said.