BANK WAKAF MIKRO AHMAD BUCHORI Triyono Advisor Strategic Committee - PowerPoint PPT Presentation

BANK WAKAF MIKRO AHMAD BUCHORI Triyono Advisor Strategic Committee

What is Bank Wakaf Mikro (BWM)? Mi c r o Wa q f B a n k o r B a n k Wa k a f Mi k r o ( B WM) i s a b r a n d i n g n a me o f I s l a mi c mi c r o fj n a n c e i n s t i t u t i o n w i t h c e r t a i n b u s i n e s s mo d e l a n d c h a r a c t e r i s t i c s e s t a b l i s h e d i n P e s a n t r e n ( I s l a mi c b o a r d i n g s c h o o l s ) . T h e b r a n d i n g n a me o f B WM i s g i v e n b y t h e P r e s i d e n t o f t h e R e p u b l i c o f I n d o n e s i a , J o k o Wi d o d o , d u r i n g t h e l a u n c h i n g o f t h e fj r s t B WM i n P e s a n t r e n K H A S K e mp e k i n C i r e b o n , We s t J a v a , o n O c t o b e r 2 0 , 2 0 1 7 . “Low income population must have access to fjnancial services. Access for the low income population to credit is limited since they normally do not have collateral. Bank Wakaf Mikro can provide a solution to this issue. As opposed to commercial bank which requires complicated administrative procedures and collateral, Bank Wakaf Mikro does not require The President of the Republic of Indonesia, Joko Widodo such procedures.” 2

Why BWM established in Pesantren ? P e s a n t r e n d e r i v e s f r o m t h e s i x t e e n t h c e n t u r y , w h e n l e a r n i n g c e n t e r s w e r e e s t a b l i s h e d , k n o w n a s a p l a c e o f l e a r n i n g f o r t h e I s l a mi c f a i t h f u l . I n e a r l i e r t i me s , P e s a n t r e n w e r e a r u r a l p h e n o me n o n , i n t e r a c t i n g v e r y c l o s e l y w i t h l o c a l c o mmu n i t i e s . P e s a n t r e n i s l e d b y K y a i ( s c h o l a r ) w h o p r o v i d e s e d u c a t i o n , g i v e s a d v i c e t o v i l l a g e r s , a n d l e g i t i mi z e s l o c a l c e r e mo n i e s . P e s a n t r e n h a s s t r a t e g i c a s s i s t a n c e i n e n h a n c i n g c o mmu n i t y w e l f a r e . Wi t h t h e p o t e n c y o f 2 8 , 1 9 4 P e s a n t r e n s s t a t e d b y Mi n i s t r y o f R e l i g i o n , P e s a n t r e n s a s r e l i g i o n b a s e d - e d u c a t i o n a l i n s t i t u t i o n s h a v e b i g i n fm u e n c e t o e mp o w e r c o mmu n i t y a n d p l a y r o l e i n e r a d i c a t i n g i n e q u a l i t y a n d a l l e v i a t i n g p o v e r t y , p a r t i c u l a r l y c o mmu n i t y me mb e r s a r o u n d P e s a n t r e n s . 3

THE PURPOSE AND OBJECTIVES OF THE PROGRAM T h e p u r p o s e o f t h i s p r o g r a m i s : “ t o e mp o w e r c o mmu n i t i e s a r o u n d P e s a n t r e n t h r o u g h t h e e s t a b l i s h me n t o f B WM w i t h a c o u n s e l l i n g a s s i s t a n c e p a t t e r n ” . T h e o b j e c t i v e s o f t h i s p r o g r a m a r e : 1 . Ma x i mi z i n g t h e r o l e o f P e s a n t r e n i n e mp o w e r i n g p r o d u c t i v e p o o r c o mmu n i t i e s . 2 . B u i l d i n g a n d s t r e n g t h e n i n g t h e s o c i o - e c o n o mi c f u n c t i o n s u r r o u n d i n g P e s a n t r e n i n t h e f o r m o f p r o f e s s i o n a l , a c c o u n t a b l e , a n d i n d e p e n d e n t B WM t h r o u g h t h e d e v e l o p me n t o f t h e I n d o n e s i a n Mi c r o B u s i n e s s C o mmu n i t y i n P e s a n t r e n ( K U MP I ) . 4

Role of OJK in Establishment of BWM In order to support government programs in alleviating poverty and income inequality, and to increase fjnancial access to wider community, OJK facilitates the establishment of Bank Wakaf Mikro. Since 2014, OJK has also been mandated by the Law of Microfjnance to supervise microfjnance institutions, including BWM, in Indonesia “We would like to give special attention to the low income population who cannot obtain formal loans or qualify for fjnancing from formal fjnancial institutions. It is our hope that Bank Wakaf Mikro will be able to provide fjnancing in the near future and also form groups consisting 5 to 10 people to Chairman of the Board of Commissioners OJK, help us provide coaching programs.. “ Wimboh Santoso 5

Business Model of BWM Donor Donating Funds Characteristics: L A Z N A S Providing Financing with ( N a t i o n a l I s l a mi c Guidance and Coaching C h a r i t y I n s t i t u t i o n ) Programs Non Deposit Taking Establishment Guidance and Institutions Capital and Coaching Low margin rate, eq. 3% Working Capital Programs p.a. Financing without collateral Counseling Financing Group based (joint \ IDR1 mio – IDR3 Assistance liability) mio (USD71 - USD214) Customers (productive low 6 income population)

DONATION APPEAL Ma i n S t a k e h o l d e r i n I mp l e me n t i n g P r o g r a m  D o n a t i o n f u n d s h a v e c r i t i c a l r o l e i n i mp l e me n t i n g t h e b u s i n e s s mo d e l o f B WM.  T o w p r o fj t s h a r i n g s c h e me r e q u i r e s c h e a p f u n d o g e t l , B WM .  T f u n d i n g p e r s o n a l a n d c o r p o r a t e o a c h i e v e t h e o b j e c t i v e s , t h e o f B WM i n c l u d e s s o c i a l r e s p o n s i b i l i t y f u n d s o r i g i n a t e d f r o m d o n o r s .  D p e o p l e c o n c e r n f o r e mp o w e r i n g o n o r s a r e w h o h a v e p r o d u c t i v e - l o w i n c o me a l l e v i a t i n g p o v e r t y c o mmu n i t y a n d i n I n d o n e s i a . 7

The Development of Bank Wakaf Mikro (BWM) Total Financing disbursed Rp 29,33 billion 2 BWM 1 BWM 1 BWM 1 BWM (OJK, September 2019) (Outstanding) 53 BWM 13.275 customers 22.668 customers Rp 10,1 billion 2.875 KUMPI 8

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