EVALUATION OF REVOLVING FUND FOR
STRENGTHENING MICRO FINANCE INSTITUTIONS
Prepared by: WOLFRAM HIEMANN, ANDI IKHWAN, TIKA NOORJAYA
old.bappenas.go.id/get-file-server/node/2722/
Tampilkan postingan dengan label SME. Tampilkan semua postingan
Tampilkan postingan dengan label SME. Tampilkan semua postingan
Minggu, 26 April 2015
Business Linkages
BUSINESS LINKAGES: ENHANCING ACCESS OF
SME TO FINANCING INSTITUTIONS
Prepared by: Tika Noorjaya
old.bappenas.go.id/get-file-server/node/2712/
Scope of Study
This report analyzes the models of partnership between Small Enterprises (UK)
and Large Enterprises (UB) or Medium Enterprises (UM). It also deals with the
development of Integrated Business Linkage Program (PKT) as a partnership
model, which is tied to funding agencies. Moreover, this report also presents the
application of the partnership models on Business Development Service (BDS) so
that they could prepare PKT to be promoted to banks, and could help increase the
access of Small and Medium Enterprises (UKM) to funding agencies.
The analysis starts with the basic concepts of partnership and proceeds up to their
implementation. Therefore, the models can be formulized, which identify the rights
and obligations of, related parties and which are put into written agreement. The
analysis also puts forward eight cases from several sectors, which had obtained
assistance funds from banks, notably through PKT. The introduction of PKT to
BDS is expected to be able to be replicated in other places -- as technically
possible -- and to be able to be modified for commodities in the same types.
Recommendations
As the regulations on partnership are relatively new, there needs to be supporting
institutions; also there needs to be further popularization of various regulations so
that those involved in partnerships can understand and make use of the various
facilities in partnership implementation.
In order to promote the growth of PKT and revitalize people’s interest in banks
concerning the financing of PKT, it is suggested that (a) financial sources for credit
programs be made available, (b) regulations on capital investment, which no
longer sets limit to Domestic Capital Investment (PMDN) and Foreign Capital
Investment (PMA) be changed, and (c) Other commodities which can be turned
into PKT be identified.
It is expected that the PKT model will be able to be extended by introducing them
to Business Development Service (BDS) so that it could prepare PKT to be
promoted to banks.
In order to develop BDS scattered in the provinces, ideally there needs to be an
agency at national level (for instance a second-tier bank which manages credit
programs) which continually monitors and develops BDS by updating information
for it and increasing other capacities of it. This way BDS will be able to provide
technical assistance in order to get financial assistance, which so far has been
undertaken by Bank Indonesia.
BDS needs to be provided with training so that it can understand the full concept of
PKT, and the roles that it needs to play in promoting PKT, including the
understanding of the internal condition of each party in the partnership namely
Bank, UB/UM and UK. In order to increase the effectiveness of such training, the
training products should be tied to the possibility of training participants
implementing PKT after following the course. Training certification is provided in
phases, in accordance with participants’ achievements in implementing PKT.
SELENGKAPNYA LIHAT: http://bappenas.go.id/files/8013/5230/1588/business-linkages-enhancing-access-of-sme-to-financing-institutions__20081123085412__1027__9.pdf
SME TO FINANCING INSTITUTIONS
Prepared by: Tika Noorjaya
old.bappenas.go.id/get-file-server/node/2712/
Scope of Study
This report analyzes the models of partnership between Small Enterprises (UK)
and Large Enterprises (UB) or Medium Enterprises (UM). It also deals with the
development of Integrated Business Linkage Program (PKT) as a partnership
model, which is tied to funding agencies. Moreover, this report also presents the
application of the partnership models on Business Development Service (BDS) so
that they could prepare PKT to be promoted to banks, and could help increase the
access of Small and Medium Enterprises (UKM) to funding agencies.
The analysis starts with the basic concepts of partnership and proceeds up to their
implementation. Therefore, the models can be formulized, which identify the rights
and obligations of, related parties and which are put into written agreement. The
analysis also puts forward eight cases from several sectors, which had obtained
assistance funds from banks, notably through PKT. The introduction of PKT to
BDS is expected to be able to be replicated in other places -- as technically
possible -- and to be able to be modified for commodities in the same types.
Recommendations
As the regulations on partnership are relatively new, there needs to be supporting
institutions; also there needs to be further popularization of various regulations so
that those involved in partnerships can understand and make use of the various
facilities in partnership implementation.
In order to promote the growth of PKT and revitalize people’s interest in banks
concerning the financing of PKT, it is suggested that (a) financial sources for credit
programs be made available, (b) regulations on capital investment, which no
longer sets limit to Domestic Capital Investment (PMDN) and Foreign Capital
Investment (PMA) be changed, and (c) Other commodities which can be turned
into PKT be identified.
It is expected that the PKT model will be able to be extended by introducing them
to Business Development Service (BDS) so that it could prepare PKT to be
promoted to banks.
In order to develop BDS scattered in the provinces, ideally there needs to be an
agency at national level (for instance a second-tier bank which manages credit
programs) which continually monitors and develops BDS by updating information
for it and increasing other capacities of it. This way BDS will be able to provide
technical assistance in order to get financial assistance, which so far has been
undertaken by Bank Indonesia.
BDS needs to be provided with training so that it can understand the full concept of
PKT, and the roles that it needs to play in promoting PKT, including the
understanding of the internal condition of each party in the partnership namely
Bank, UB/UM and UK. In order to increase the effectiveness of such training, the
training products should be tied to the possibility of training participants
implementing PKT after following the course. Training certification is provided in
phases, in accordance with participants’ achievements in implementing PKT.
SELENGKAPNYA LIHAT: http://bappenas.go.id/files/8013/5230/1588/business-linkages-enhancing-access-of-sme-to-financing-institutions__20081123085412__1027__9.pdf
Review of Selected Credit Programs for SME
REVIEW OF SELECTED CREDIT PROGRAMS FOR SMALL AND MEDIUM ENTERPRISES
Prepared by: Tika Noorjaya
old.bappenas.go.id/get-file-server/node/2706/
Scope of Study
This report reviews four credit programs,a namely: (1) Credit for Members of
Primary Cooperatives (KKPA), (2) Credit for Cooperatives (KKOP), excluding
KKOP Pangan (food) and KKOP Pupuk (fertilizer), (3) Working Capital Credit for
Rural Banks (KMK-BPR), and (4) Credit for Small and Micro Enterpreneurs
(KPKM), both for commercial banks (KPKM-Umum) and for rural banks (KPKMBPR).
The review centers on: (1) the rationale of credit programs, (2) the development of
credit programs, (3) costs and benefits of credit programs, and (4) the
rationalization of credit programs.
Recommendations
The number of credit programs should be reduced. Two credit programs should be
offered, namely: (1) a credit program for members of cooperatives, and (2) a credit
program for individuals.
Credit program design should be based on national and international best practice.
The program and best practice should relate to: (1) the credit scheme, (2)
government support, including those to credit guarantee agencies, (3) technical
assistance, and (4) Business Linkage Program.
The channeling of credit programs needs to be undertaken selectively in that such
credits will have to be allocated for the funding of long-term investments, start-up
investments, improvement of the quality of the environment, and less developed
areas. Program phase-out should be planned accurately well in advance. It is
recommended to consider a credit program with blended Rp/US$ finance to
reduce the nominal interest rate, in particular for long-term projects that generate
foreign exchange.
The government is asked to support HRD (human resources development or
training). The capacity and capability of bank officers to analyze the eligibility of
SME should be increased. Technical assistance should also aim at facilitating
partnerships between large enterprises and small businesses, so that business
risks are reduced.
Regulations on credit programs managed by PT PNM are related to its agreement
with Bank Indonesia. It is recommended that BI should approve the rationalization
of these credit programs. In this process one should also consider the enactment
of Act on Credit, the draft of which (RUU) is now being debated at the House of
Representatives (DPR).
The credit program design should allow adjustments to regional conditions. The
adjustments concern, e.g., decisions on sectors or commodities that should be
supported with the credit program in line with local or provincial development
objectives.
SELENGKAPNYA, LIHAT: http://www.bappenas.go.id/files/8413/5228/3463/review-of-selected-credit-programs-for-sme__20081123085412__1027__3.pdf
Prepared by: Tika Noorjaya
old.bappenas.go.id/get-file-server/node/2706/
Scope of Study
This report reviews four credit programs,a namely: (1) Credit for Members of
Primary Cooperatives (KKPA), (2) Credit for Cooperatives (KKOP), excluding
KKOP Pangan (food) and KKOP Pupuk (fertilizer), (3) Working Capital Credit for
Rural Banks (KMK-BPR), and (4) Credit for Small and Micro Enterpreneurs
(KPKM), both for commercial banks (KPKM-Umum) and for rural banks (KPKMBPR).
The review centers on: (1) the rationale of credit programs, (2) the development of
credit programs, (3) costs and benefits of credit programs, and (4) the
rationalization of credit programs.
Recommendations
The number of credit programs should be reduced. Two credit programs should be
offered, namely: (1) a credit program for members of cooperatives, and (2) a credit
program for individuals.
Credit program design should be based on national and international best practice.
The program and best practice should relate to: (1) the credit scheme, (2)
government support, including those to credit guarantee agencies, (3) technical
assistance, and (4) Business Linkage Program.
The channeling of credit programs needs to be undertaken selectively in that such
credits will have to be allocated for the funding of long-term investments, start-up
investments, improvement of the quality of the environment, and less developed
areas. Program phase-out should be planned accurately well in advance. It is
recommended to consider a credit program with blended Rp/US$ finance to
reduce the nominal interest rate, in particular for long-term projects that generate
foreign exchange.
The government is asked to support HRD (human resources development or
training). The capacity and capability of bank officers to analyze the eligibility of
SME should be increased. Technical assistance should also aim at facilitating
partnerships between large enterprises and small businesses, so that business
risks are reduced.
Regulations on credit programs managed by PT PNM are related to its agreement
with Bank Indonesia. It is recommended that BI should approve the rationalization
of these credit programs. In this process one should also consider the enactment
of Act on Credit, the draft of which (RUU) is now being debated at the House of
Representatives (DPR).
The credit program design should allow adjustments to regional conditions. The
adjustments concern, e.g., decisions on sectors or commodities that should be
supported with the credit program in line with local or provincial development
objectives.
SELENGKAPNYA, LIHAT: http://www.bappenas.go.id/files/8413/5228/3463/review-of-selected-credit-programs-for-sme__20081123085412__1027__3.pdf
Sharia Banks as an Alternative Source of Finance for SME
SHARIA BANKS AS AN ALTERNATIVE SOURCE OF
FINANCE FOR SMALL AND MEDIUM ENTERPRISES
IN INDONESIA (BAHASA INDONESIA)
Prepared by: Tika Noorjaya
old.bappenas.go.id/get-file-server/node/2718/
Scope of Study
This report analyzes the principles and products of sharia banks, the development of
sharia banks in Indonesia, the constraints and problems faced by the sharia banks,
and their future prospects.
In reference to the performance of sharia banks and their future development,
recommendations are proposed, so that it could be hoped that more and more small
and medium enterprises (SME) would be able to get financing from these banks.
Recommendations
There needs to be a Law on Sharia Finance or sharia financial institution which goes
with sharia principles so that the opportunity for Islamic banks to provide funds
(including for SME) can become even greater albeit the relatively small capital at
present, because the rights and obligations of sharia banks and their customers differ
from the rights and obligations of conventional banks and their customers as they
share in profit and risk.
The Government and Bank Indonesia needs to facilitate the creation of models of
cooperation between sharia commercial banks and BPR Sharia and other sharia
financial institutions; and the two institutions need to develop a money market based
on sharia principles which should to handle liquidity problems and expand sharia bank
networks.
The Government needs to create access to funding agencies, which require the
practicing of sharia principles like Islamic Development Bank (IDB). Moreover, the
government needs to invite sharia banks from other countries to open their branch
offices in Indonesia, and develop cooperation with Malaysia and Brunei Darussalam,
in connection with the presence of Indonesian workers in those countries.
Bank Indonesia needs to issue transparent and clear examples of standard
agreements used by sharia banks in their transactions with their customers so as to
increase the feeling of security and self-confidence of customers and sharia banks.
Considering that people’s knowledge and understanding about sharia bank are still
inadequate, the Government and Bank Indonesia need to popularize the
characteristics, products and uniqueness of sharia banks in comparison to those of
conventional banks, by involving community leaders including religious leaders.
Bank Indonesia’s study about people’s preference of sharia banks in Java needs to be
coupled with other research activities which are focused on pre-feasibility studies or
investment opportunity studies, mainly in large cities outside of Java where sharia
banks are not found.
FINANCE FOR SMALL AND MEDIUM ENTERPRISES
IN INDONESIA (BAHASA INDONESIA)
Prepared by: Tika Noorjaya
old.bappenas.go.id/get-file-server/node/2718/
Scope of Study
This report analyzes the principles and products of sharia banks, the development of
sharia banks in Indonesia, the constraints and problems faced by the sharia banks,
and their future prospects.
In reference to the performance of sharia banks and their future development,
recommendations are proposed, so that it could be hoped that more and more small
and medium enterprises (SME) would be able to get financing from these banks.
Recommendations
There needs to be a Law on Sharia Finance or sharia financial institution which goes
with sharia principles so that the opportunity for Islamic banks to provide funds
(including for SME) can become even greater albeit the relatively small capital at
present, because the rights and obligations of sharia banks and their customers differ
from the rights and obligations of conventional banks and their customers as they
share in profit and risk.
The Government and Bank Indonesia needs to facilitate the creation of models of
cooperation between sharia commercial banks and BPR Sharia and other sharia
financial institutions; and the two institutions need to develop a money market based
on sharia principles which should to handle liquidity problems and expand sharia bank
networks.
The Government needs to create access to funding agencies, which require the
practicing of sharia principles like Islamic Development Bank (IDB). Moreover, the
government needs to invite sharia banks from other countries to open their branch
offices in Indonesia, and develop cooperation with Malaysia and Brunei Darussalam,
in connection with the presence of Indonesian workers in those countries.
Bank Indonesia needs to issue transparent and clear examples of standard
agreements used by sharia banks in their transactions with their customers so as to
increase the feeling of security and self-confidence of customers and sharia banks.
Considering that people’s knowledge and understanding about sharia bank are still
inadequate, the Government and Bank Indonesia need to popularize the
characteristics, products and uniqueness of sharia banks in comparison to those of
conventional banks, by involving community leaders including religious leaders.
Bank Indonesia’s study about people’s preference of sharia banks in Java needs to be
coupled with other research activities which are focused on pre-feasibility studies or
investment opportunity studies, mainly in large cities outside of Java where sharia
banks are not found.
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