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FINANCIAL EDUCATION TO INCREASE FINANCIAL ACCESS

FINANCIAL EDUCATION TO INCREASE FINANCIAL ACCESS. Mr. Y. Santoso Wibowo Directorate of Credit, Rural Bank and MSME Bank Indonesia Bali, July 2011. ACCESS TO FINANCE IN INDONESIA. 60%. 13.33%. 64.25%. Below Poverty Line. Without access to bank. Living in Rural Area. 99.91%. 60-70%.

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FINANCIAL EDUCATION TO INCREASE FINANCIAL ACCESS

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  1. FINANCIAL EDUCATION TO INCREASE FINANCIAL ACCESS Mr. Y. Santoso Wibowo Directorate of Credit, Rural Bank and MSME Bank Indonesia Bali, July 2011

  2. ACCESS TO FINANCE IN INDONESIA 60% 13.33% 64.25% Below Poverty Line Without access to bank Living in Rural Area 99.91% 60-70% MSMEs that have not been linked to bank MSME Entrepreneur 2

  3. MSME’S PROBLEMS TO ACCESS TO FINANCE Access to formal financial services still become constraints to majority people in Indonesia, including MSME. Access to Financial Services • World Bank’s Survey shows that community who have access to formal financial services is 52%. • Communities who lived outside java have smaller access to financial services. Sumber: World Bank (2009) Community who have access to financial services Population who don’t have access Sumber: World Bank (2009)

  4. BANK INDONESIA HOUSEHOLD SURVEY 2010 : Savings Save at Non Bank Financial Institution 3,75% Savings38,35% Without savings 61,65% Save at Banks34,60% BI’S PROGRAMS : LET’S GO TO THE BANK MY SAVING 4

  5. BI HOUSEHOLD SURVEY 2010 : Credit Banks 18,25% Source of loan Rural Banks 3,14% With loans 40,92% MFIs 12,33% Non Banks & Non MFIs 66,28% Without loans 59,08% 5

  6. FINANCIAL INSTITUTION FOR MSME Non Bank BANK Finance both MSME and corporate 6

  7. Scale Gap Gap between the loan size expected by banks and the loan size needed by MSMEs, especially micro enterprises Formalization gap Gap between bank’s requirements for formal documents, such as formal business license, property ownership, NPWP (tax number) versus the ability of MSME to fulfill the requirements. GAP BETWEEN BANKS AND MSMEs Information Gap Gap of information between bank products and procedures and the MSMEs knowledge about them. BANK SME 7

  8. BI’S POLICY IN MSME DEVELOPMENT The purpose of BI policy: • At the supply side is to increase bank’s credit to MSME • At the demand side is to help increase the eligibility and capability of MSME 8

  9. BI’S POLICY IN MSME DEVELOPMENT Research Demand Side Training Information Provision SME’s access to finance Growth of SME/Real Sector Cooperation with Government & Other Institutions Regulation Supply Side Infrastucture development 9

  10. DEMAND SIDE POLICY 10

  11. TRAINING The purpose of training: • To enhance the knowledge, capability and to encourage bank and Financial Institution for MSME to give loan to MSME • To enhance the knowledge and capability of Business Development Service Provider (BDSP)in order to facilitate MSME access to finance and become Bank’s partner in developing MSME through loan monitoring and evaluation. 11

  12. TRAINING cont’d… Participants of training: • Commercial bank and Rural bank officers • Officers from other Financial Institution for MSME • Business Development Service Providers (BDSP) • Government officers involved in assisting and developing MSME 12

  13. TRAINING cont’d… Training topic A. For Bank and Financial Institution : • MSME business strategy • Survey of MSME Potential business with Rapid Rural Appraisal (RRA) Method • Credit Analysis for MSME • How to handle non-performing loan • How to disburse loan to group of debtors with Self Help Group scheme B. For BDSP : Financial aspect including business feasibility (credit proposal) 13

  14. TRAINING cont’d… Training performance (as of year 2010) TRAINING : LINKAGE TO BANKS : 14

  15. TRAINING cont’d… Cooperation Bank Indonesia with other ministries: Ministry of Cooperative and SME : BDSP for MSME Ministry of Agriculture : BDSP for Farmer Ministry of Marine Affairs and Fisheries : BDSP for fisher men 15

  16. INFORMATION PROVISION DIBI (Indonesian Data and Business Information) www.bi.go.id A. Purpose of DIBI 16

  17. INFORMATION PROVISION cont’d… A. Content of DIBI • 1. Information for Entrepreneur : • priority commodity • funding scheme • MSME’s empowerment • bank’s service and MSME data) • 2. Information for Exporter : • export commodity profile • export regulation • export data • 3. Information for Banker : • - MSME credit report • - MSME credit statistic • - MSME data • 4. Information for Public : • regional economy study • real sector study • publication • bank’s service and MSME data) • 5. Link to other Website 17

  18. THANK YOU 18

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