Heaptalk, Jakarta — PT Jaminan Kredit Indonesia (Jamkrindo), a company that focuses on business activities in the field of credit guarantee, announced to improve Indonesia’s MSME level by penetrating the digital technology ecosystem for their businesses. This action is also expected to accelerate the national economy in the post-pandemic.
Through the action, Jamkrindo will grant guidance regarding the digitalization scheme, including social media optimization, branding marketing expansion through e-commerce, digital apps-based to record financial reports, and product quality improvement.
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As a part of the company’s readiness in the 4.0 and digital economy era, Jamkrindo also has presented numerous business transformations through reliable information technology. This initiation aims to gain online-based cooperation with MSME partners, banking, and financial institutions. Also, the UMKMLayak platform development through the umkmlayak.co.id website can also be a bridge in encountering partners with financial organizations.
The President Director of Jamkrindo, Putrama Wahju Setyawan, stated, “As a guarantee company, Jamkrindo encourages the entire entrepreneurs to employ technology to compete in the new normal era. Through the technology-based implementation, MSMEs are expected to play a role in retrieving the national economy and supporting the main focus of Indonesia’s G20 Presidency, namely the digital transformation economy,”
Apart from providing funding access, Putrama further explained that Jamkrindo intends to connect Indonesia’s MSMEs into a digital ecosystem that aligns with marketing techniques. This action also aims to optimize market opportunity and increase sales to be more efficient with digital technology support.
As the backbone of economic development in Indonesia, the MSMEs sector has contributed to Indonesia’s GDP by 61% and absorbed 97% of the workforce. To continue to increase the GDP of Indonesia, the government will implement go digital ecosystem at a minimum of 20 million MSMEs by the end of 2022. This goal is expected to grow to 24 million in 2023 and reach 30 million in 2024.
The Jamkrindo’s Performance
Based on the financial report performance in 2021 audited by Certified Public Accountants Firm (PAF) Tanudiredja, Wibisana, Rintis, and PWC global network member firms, Jamkrindo has recorded its net profit of US$113 million, increasing 134% (approximately US$31 million) in 2020. This growth was boosted by the immense Jamkrindo guarantee volume reached US$16 billion in December 2021.
Simultaneously, Jamkrindo also recorded its claim reserve of US$373 million, growing 41% from the previous year with positive cash flow operations. This claim reserve growth is the company strategy plan to mitigate risk and maintain the company’s performance in the following years.
“The robust claim reserve establishment is a part of our dedication to consistently retaining claim payment service to our business partners with the proper amount. Thus, we expect to keep a positive reputation of the company with measurable and restrained business risk management,” Putrama said (7/25).
Further, Jamkrindo also recorded its asset of US$1,7 billion in 2021, improving by 33% from the preceding years of US$591 billion. Meanwhile, equity recorded US$856 million, increasing 45%, with a Return on Equity (ROE) of 9.83% and enhance of 89% from the last years.
The government program is considered the driving force for Jamkrindo’s guarantee, with details of the People’s Business Credit (KUR) guarantee of US$9.6 billion and the Working Capital Loan (KMK) guarantee to reach the National Economic Recovery (PEN) goals with the valuation at US$1.2 billion.
Through this incredible performance, Jamkrindo is confident in upgrading Indonesia’s MSMEs level and bolstering its business sustainability to impact the national economy positively. Regardless of a lack of digital literacy obstacles, Putrama shares his strong optimism to digitize MSMEs with the collaboration of the entire stakeholders.