Micro Banking And Micro Entrepreneurship

Why you should always pay attention to "cash flow"

noreply@blogger.com (Relan) — Tue, 10 Aug 2010 21:13:00 +0000

To understand a business in developing the condition or not, then you need to study the financial statements, consisting of: Balance Sheet, Income Statement and cash flow statement. Of these three, the most critical is the statement of cash flows or cash flow. Why?

If you have run the business according to business strategies that have been studied before, the end result of the management of this effort will be reflected in financial statements. The financial statements can be made in weekly, monthly, quarterly or yearly. Good company, at least going to make financial reports at least on a monthly basis, but cash flow should be made weekly. Cash flow of fresh blood is like our body, therefore as head of the company or the person responsible in the financial sector, you should look at cash flow.

If the results of your efforts consist of various products / services, then through a cash flow statement, you will be able to see the products or services are most profitable, the business where the most cost issue, where efforts are moving cepat but a small margin, and so forth. Even you will get to know like what type of customer you are, whether there are changes in consumer demand as seen from the shift in cash flow from sales of products / services. From the financial statements, especially cash flow, you can read everything, and predict how the prospect of selling a product for the next few weeks.

Learn, too, whether on the weekends the cash position is positive or negative? How projections in the next week. There are some products selling different ways, this will all be reflected in cash flow.

By studying the cash flow, you will be able to immediately take steps if there are some products that had limited sales. Are you going to boost sales, or had to sell the discount, or even stop or reduce production of these goods to the next stage, and only sell the goods sold in the market.

In the end, by overseeing cash flow, you will be able to know your company's liquidity position, whether the products and services you sell are still in the safe position. So, how important it is to learn your company's cash flow. You have not done so? Go for it, and see the results, you will be interested to better understand your business.

source :http://edratna.wordpress.com/2007/12/13/mengapa-harus-selalu-memperhatikan-cash-flow/

Islamic Banking in Indonesia in Brief

noreply@blogger.com (Relan) — Mon, 09 Aug 2010 19:29:00 +0000

In view of providing a wider banking services alternative to Indonesian economy, the development of Islamic banking in Indonesia is implemented under dual banking system in compliance with the Indonesian Banking Architecture (API). Islamic banking and conventional banking systems jointly and synergically support a wider public fund mobilization in the framework of fostering financing capability of national economic sectors.

The characteristic of Islamic banking operation is based on partnership and mutual benefits principle provides an alternative banking system with mutual benefits both for the public and the bank. This system will give priorities to aspects related to fairness in transaction and ethical investment by underlining the values of togetherness and partnership in production, and by avoiding any speculative activity in financial transaction. By providing various products and banking services supported by variative financial scheme,.Islamic banking will be a credible alternative that can be benefited by all of Indonesian people without exception.

In the context of macro economic management, an extensive use of various Islamic financial products and instrument will help attaching financial sector and real sector and create harmonization between the two sectors. In addition to support financial and business the widely use of islamic product and instrument will also reduce speculative transactions in thus the economy supports the stability of overall financial system. At the end, the Islamic banking will significantly contribute to the achievement of mid-long term price stability.

The enactment of Act no. 21 of 2008 issued on July 16, 2008 has provided a more adequate legal base to the development of Islamic banking in Indonesia ,and consequently will accelerate the growth of the industry. With an impressive development progress reaching an annual average asset growth of more than 65% in the last five years, it is expected that Islamic banking industry will have a more significant role in supporting national economy.

Policy of Islamic Banking Development in Indonesia.

”The Blueprint of Islamic Banking Development in Indonesia ” prepared by Bank Indonesia in 2002 provides guidance to stakeholders of Islamic banking and to set the position and vision of Bank Indonesia in developing Islamic bank in Indonesia. In the process of preparing this Blueprint, various aspects have been taken comprehensively into consideration such as the actual condition of national Islamic banking industry including related tools, development trend of Islamic banking industry within international scale as well as system development of national Islamic finance that has started to be materialized and inseparable from wider architectural landscape such as Indonesian Banking Architecture (API) and Indonesian Financial System Architecture (ASKI) including international best practices formulated by international Islamic financial institutions such as IFSB (Islamic Financial Services Board), AAOIFI and IIFM.

The development of Islamic banking was directed to provide the highest benefits to the public and to give optimal contribution to national economy. Consequently its development path is always referred to other strategic plans, such as Indonesian Banking Architecture (API), Indonesian Financial System Architecture (ASKI) as well as Medium Term National Development Plan (RPJMN) and Long-Term National Development Plan (RPJPN). Therefore, the policy in developing Islamic banking is a part and an activity supporting the achievement of a larger scale strategic planning in developmnet at national level.

”The Blueprint of of Islamic Banking in Indonesia ” defines the vision, mission and target of Islamic banking development as well as strategic initiatives with clear priorities in response to the main challenge and in reaching the target for the next ten years by achieving significant market share of Islamic banking through the advancement of the role of Islamic banking in the national, regional and international financial activities with other Islamic financial sectors.

In the condition of its integration, in the short term, the phase of Islamic banking development is more directed toward servicing the huge potential of domestic market. In other words, Indonesian Islamic banking must be able to become domestic player with an internatioal quality in services and performance.

Subsequently, the Islamic banking system envisioned by Bank Indonesia is a modern Islamic banking with open and universal characteristics and inclusive to all Indonesian people with no exception. It refers to banking system presenting applicative forms of Islamic economic concept that is wisely formulated in the current context of problems faced by Indonesia within the consciousness of the historical socio-cultural condition of this country. Only by doing that, the aspiration development of Islamic banking will always be recognized and accepted by all Indonesian people as a part of the solutions to the various problems encountered by this country.

Grand Strategy of Islamic Banking Market Development

In line with the concrete efforts in developing Islamic banking in Indonesia, Bank Indonesia has formulated a Grand Strategy of Islamic Banking Market Development, as a comprehensive strategy of market development covering strategic aspects, such as: determining the vision of 2010 as the leading Islamic banking industry in ASEAN, creating the new image of inclusive and universal Islamic banking, mapping a more accurate market segment, developing more various products, improving services as well as adopting new communication strategy of Islamic banking by positioning it as a beyond banking position. ( Islamic banking is more than just a bank).

Hence, different concrete programs have and will be performed as the implementation stage of the Grand Strategy of Islamic Banking Market Development including but not limited to the following measures:

First, assigning a new vision of Islamic banking development on phase I in 2008 to build understanding in Islamic banking as Beyond Banking by reaching an asset target of Rp 50 trillion and industrial growth of 40%, phase II in 2009 with the objective of positioning Indonesian Islamic banking as the most attractive one in ASEAN. Phase III in 2010 will have the objective of attaining Indonesian Islamic banking as a leading Islamic Bank in ASEAN.

Second, new image program of Islamic banking that includes positioning, differentiation and branding aspects. The new positioning of Islamic bank as banking that provides mutual benefits to both parties, differentiation aspect with competitive advantages with various products and schemes, transparency, competent and ethical finance, updated and user friendly information technology as well as qualified investment expert of Islamic finance. Branding aspect will be represented by ”Islamic bank, more than just a bank “( beyond banking).

Third, new mapping program which is more accurate on Islamic banking market potential that generally directs Islamic bank services as universal service or bank accessible for all kinds of people and all segments in accordance with the strategy of each Islamic bank.

Fourth, product development program directed to various products variations supported by the unique value offered (mutual benefits) and strenghthened by a wide office network and the use of easily comprehended standards of product name (example : deposit – iB, financing – iB).

Fifth, program of service quality enhancement supported by competent human resources and the supply of information technology to meet customer ’s requirement and satisfaction. This competency is also expected to be able to communicate products and services of Islamic banking to customer correctly and clearly get always complying to sharia principles; and

Sixth, a wider and more efficient socialization and educational program for public interest through various direct or indirect (printing and electronic media, online/website) communication channels with the objective of contributing comprehension on the advantages of Islamic banking products and services that can be benefited by the public.

source : http://www.bi.go.id/web/en/Perbankan/Perbankan+Syariah

Transaction Banking on the Market? Why Not!

noreply@blogger.com (Relan) — Mon, 09 Aug 2010 19:22:00 +0000

Great potential in micro and small business segments pushed a number of banks offering micro services. One of them, the Bank, which utilizes mobile devices with enough creative EDC.

"You want to pull the cash or cash deposit," said Dewi when receiving chip cards - much like an ATM card - from a dealer in the area of Serpong. Furthermore, process banking transactions were carried out only by using electronic data capture (EDC), which is always ditenteng officers went to the bank when its customers in the markets, terminals, plantations, and various other places.

Banking transactions such field is a new phenomenon in the national banking industry in the past 2-3 years. A number of banks offer banking services to micro businesses and small enterprises (MSEs). They proactively approached prospective customers who are in the market, the terminal until the plantations in remote areas.

Enthusiasm for the banks to pick up or deliver the funds to MSEs because its potential is very large indeed. Banking services in this segment is popularly known as the micro. Large loans ranging from USD 5 million to $ 500 million - although in reality the loan amount is only USD $ 5 million-50 million. In Indonesia, the potential for MSEs is expected to reach 40 million people. The number of MSEs in need of credit with the amount of USD 5 million-50 million predicted as many as 15 million people. "That's a huge market potential," said Karim I. G. Siregar, Director of Information Technology National Pension Savings Bank (BTPN). "Of that amount, most are on the market," he added.

Not surprisingly, some banks were directed to the target bidiknya among MSEs. After the Bank BRI and Bank Danamon, Bank 's was followed by the People's Business Credit Partners. Then, followed by the Bank, Bank Mandiri and Bank Niaga. In fact, HSBC did not want to miss. From the ODA, there is a name that looks BPR Karyajatnika Sadaya most aggressive.

BTPN, continued Karim, this micro-positioning the business unit with an emphasis on ease and speed the process. This documentation includes a simple, fast credit decision process and the withdrawals are easy. Ease also includes a withdrawal, deposit and checking balances on customer premises.

Of course, the detail of information management required to support and monitor business unit performance. "This is encouraging the construction of a system that enables automated integration process from loan application to loan disbursement process, namely Loan Entry System," said Karim. According to him, imaging technology enables the process of withdrawal can be done centrally, because the process of administrative documents, both documents and data security of customer data, can be processed electronically.

Interestingly, the pattern used by all banks to work and serve among the MSEs are almost the same, that is by "turba" (come down) come to the prospective customers in various places and corners, to bring a portable mobile device that EDC. That way, any transaction carried out outside the bank can quickly and easily. Therefore, according to Karim, the use of mobile services for micro EDC was more related to the needs of how fast and easy service. "There are difficulties for customers to come to the bank, so that the banks need to be proactive toward him. Stay how control functions, and what tools can be used for the purposes of the transaction, "Institute of Technology graduate student Bansung explained.

According to Karim, the tools needed to service transactions among these MSEs must have traits: practical carry everywhere (mobile), can print out as proof of the transaction, and must have the ability to verify that only authorized users can use tool.

With such characteristics, the most appropriate tool to serve customers is mobile technology micro EDC. Therefore, EDC has all the functions needed. In short, with EDC technology, the withdrawal transaction, deposit, and customers can check balances performed at the customer site.

Micro services using mobile technology in BTPN EDC is introduced (go live) at the end of 2008. According to Karim, the application development process conducted in July-November 2008. During the period that he said he made several applications, both for chip cards, EDC, as well as communication between the EDC application and system corebanking Bank. And, in line with the development of mobile service EDC, management BTPN also intensified the opening of new branches in each market will be made the target. In early 2009, the Bank opened 485 new micro branches, so that until earlier this year the number reached 550 branches.

Karim claimed, used mobile technology BTPN EDC has uniqueness and advantages over similar devices used by competitors, ie, capable of reading fingerprints online. Mobile EDC is equipped with a GPRS module for online transactions, fingerprint sensor (biometric sensors), print features, and can read a chip card. Smart card with a chip embedded in it that would be provided to customers as a means of verification when transacting. These cards store personal data of customers.

To develop this mobile service EDC, BTPN parties must reach into the fund more than U.S. $ 1 million. Dana was among others to buy chip cards, which cost USD 15-50 thousand per card, depending on the amount of data; buying EDC devices that cost about Rp 5 million per unit (per branch takes an average of four units, so the sum total of about 2200 units EDC); and make the application.

The application development much more expensive. Section, the application was developed specifically as it relates to security. Because, this is a process transactions outside banks using public communication channels. For that, need to apply some level of security, both at the card level and at the level of EDC. In order to develop this mobile service EDC, the Bank partnered with Integration Partner Solutions Komputindo and Prima Vista as an implementer.

How it works? Karim explained, when customers will enter into transactions, fingerprint verification and chip card directly performed on the EDC. When verification okay, transactions can be done. Customers - through the help of bank employees - will select the type of transaction services. Inside the EDC's mobile service types included: cash deposits, cash withdrawals, check balances, check your last few transactions (account history) and open the account (not to be used as a whole). "The process is the same as ordinary bank teller transactions. Only, the teller was not via the terminal, but through the EDC, "said Karim.

Furthermore, when engaged in transactions, this device will "call" corebanking BTPN existing system at headquarters. And, the way communication, for use GSM / GPRS, GSM his connections into the server the Bank. Then, from the server into corebanking system to make transactions. For this GSM data services, the Bank worked with Telkomsel. In corebanking BTPN existing system interface standard (for this type of service like the one in the EDC). BTPN own IT team of translators to make the device can receive data transfer from the EDC.

According to Dewi, staff Offbranch Transaction Officer (OTO) BTPN People's Business Partners (Mur) BSD branch, there are three types of transactions that can be served OTO officers using mobile EDC, ie, cash deposit, cash withdrawal and Moving Book. Transaction process is quite simple. When it comes to customers, the customers will give the card and the amount of money paid. After the money is calculated, the verification process, where customers are required to make fingerprints on the EDC. Then, select the features cash deposit, and enter the amount to be paid a nominal / tabungkan. Furthermore, the transaction slip will be printed automatically. Since transactions are done online, when it also will be sent to the server data, which continued to corebanking BTPN system at the center. "For cash deposit transactions and moving book, the steps are almost identical. Only the menus are different, "said Dewi.

According to the Goddess, so I can run this EDC mobile services, the bank provides training to officers before the official OTO go directly to the branch. Now, the average daily transactions of each OTO 10-25 times, depending on the number of debtors in each branch. "So far BTPN've done enhancement to the features in the EDC, so the features available are adequate."

Ease and speed in processing transactions through mobile service EDC is recognized by customers. One of them, Andi Mahmud, traders in the modern market BSD. According to Andi, she has become a customer Mur BTPN since December 2008. Usually, the type of transaction that did was cash deposit for the payment of installments. "The bank clerk who came to the market to bring the EDC is very helpful. I do not need to come to a branch. So, time efficiency, cost and effort, "said Andi. "By going to a branch, is more time-consuming, and labor costs," added Maman, a trader at Perum Tangerang, which is nuts BTPN customers since March last year.

BTPN alacrity UMK capture the market potential of mobile services through EDC seems pretty fruitless. BTPN business grow significantly. Especially since the change and modernization of the massive 2008. Net interest income in March 2009 increased to Rp 343 billion (up 4.4% compared to same period in 2008). Loan growth of 6% in the quarter I/2009 (higher than average growth of the national banking). Third party funds during the quarter also grew by 22.2% I/2009 (well above the average growth of the national banking). As of March 2009, assets reached Rp 16.1 trillion BTPN or grew 17.5% compared to December 2008 which amounted to Rp 13.7 trillion. Special nut, until the end of last year, the number of customers reached about 175 thousand people, with total loans disbursed more than USD 351 billion.

Of course, in addition to implementing mobile service EDC, the Bank also complement the micro business unit with other application systems to monitor in detail the performance of each branch of MSEs in the region respectively. (*)

Source: A, Mohammad, B. Swa Magazine. 1 April 2010. Information Technology, pp 120-123

Known Your Customer (KYC)

noreply@blogger.com (Relan) — Wed, 03 Jun 2009 03:57:00 +0000

KYC (Known Your Customer) is the principle applied in the bank to know the identity of the customer, the transaction monitor customer activities including the reporting of suspicious transactions and to prevent the use of banks as a means of money laundering by bank customers.

Principal KYC:

Identification and verification

Bank officers must perform identification and verification of data and documents provided are legitimate and valid to :

1. High Risk Product

Product - the product for money laundry facilities

2. High Risk Customers

State officials executant,
Executive officials, legislative and judicial,
Official functions and other tasks related to the main organizers countries (Bupati, Camat, Head of the village, etc.)

3. High Risk Business

NGOs (Non Government Organitation) and the Foundation for Social
Party Politics
Agent / broker Real Estate
The field of forestry companies
Companies in Multi Level Marketing and Money game

4. High Risk Countries

Myanmar, Nigeria
Tax Haven Country: Cayman Island, Luxembourg, Panama, Puerto Rico, Monaco

Monitoring and Reporting

Bank staff required monitoring / monitoring of:

1. Update customer's data

Bank staff required to update customer data or any changes at least once a year
Can be done in different ways / phase / priority. Example: for a customer at risk, with the value of customer transactions and large

2.Transaksi customers

Monitor and report any transactions that deviate from the customer profile (STR: Suspicious Transaction Report)
Transactions that deviate from the profile, characteristics or practices on customer transaction
Financial transactions that should be done with the alleged purpose to avoid the mandatory reporting of transactions performed by financial service providers.
Financial transactions carried out or canceled is done using the property that was suspected to be derived from the crime.
If the customer has experience as a suspect / accused money laundering cases that come from law enforcement, government institutions, and communities.

Monitor and report the Cash Transaction (CTR: Cash Transaction Report)

Financial transactions conducted in cash cumulatif in the amount of Rp 500 million or more or the equivalent value, either made in one transaction or a transaction multiple times in 1 business day. Financial transactions that are excluded:

Transactions between the Bank
Transactions with the Government
Transactions with the Central Bank
Payment of salary and pension
Other transactions specified by the PPATK or at the request of PJK is known by PPATK

Main Document to Submit for the Microbanking loans

noreply@blogger.com (Relan) — Mon, 25 May 2009 22:46:00 +0000

Copy of ID card debtor Candidates
ID Card Copy wife / husband, to the debtor status of married
Copy NPWP for loans above Rp.50.000.000, --
Copy of permission letter Trading, dDebitur candidate for the business market in the area
Copy of Family Card
Copy Letters married
Copy of Divorce Certificate / Death Letter, to the status of prospective borrowers with the widow / widower
Copy of ID card Guarantee owner, if insurance is not the owner or prospective debtor wife / husband
ID Card Copy wife / husband owners insurance if insurance is not the owner or prospective debtor wife / husband

Loan To Value (LTV)

noreply@blogger.com (Relan) — Sun, 24 May 2009 14:40:00 +0000

Is a basis or method used to determine how big a loan that can be given to the debtor based on the assets used as collateral.

Individual micro banks determine their own micro-scale LTV, however, the outline can be described as follows:

1. Land ownership certificate: LTV = max. 80%
2. Letters cars / BPKB: LTV = 60%
3. Deposit: Max. 100%

For example, if the land price according to market (total) is Rp. 100.000.000, - then the maximum loan that can be given is Rp. 80000000, -. This refers to the basis of determining LTV for a certificate of land ownership is 80%.

However, a bank does not only consider the Loan To Value (LTV) in determining the large loans will be provided, but there are many other factors such as the capacity of business, business type, character and other prospective customers

Credit Admin / Loan Admin

noreply@blogger.com (Relan) — Thu, 14 May 2009 19:44:00 +0000

Running a good credit process & document is in accordance with the provisions

Main Responsibility :

Assist in the process of credit in the branch
Ensure the validity and existence of credit documents
Mengadministrasikan credit documents
Capable of working with the customer service orientation
Have any understanding of credit and risk

Qualification:

Minimum education: Major Degree /IPK 2.75
Maximum age: 30 years
1 year experience in the administration
The local language and culture
Works MS Office (Excel and Word)

Sales Anchor / Anchor Relationship Microbank

noreply@blogger.com (Relan) — Thu, 14 May 2009 19:38:00 +0000

Maintaining a good relationship with the customer (debtor) through the Service (visits) and Cross Selling, resulting in a sustainable business (business sustainability) in the branch.

Main Responsibility

Sales Officer help increase sales and maintain relationships with the task of existing customers.
Conducting visits (pick up) to the customer so that the quality of the loan (credit) given to support achievement of the optimal branch. Visits, among other Cash Pick Up, Check Business Development, Top Up and Collection
Helping branch (Branch Manager) to build community center with the customer is always involved in the branch activities
Have high integrity, discipline, Proactive, Target Oriented Persistence and communicative
Customer service orientation
Skills to build long term relationships with customers, including the loan ceiling to improve the customer through our top-up
Ability to sell and negotiate

Qualifications:

Major degree minimum
Maximum age 30 years
The local language and culture
The task of field
Able to establish communication and able to adapt quickly

Sales Officer / Relationship Officer on microbanking

noreply@blogger.com (Relan) — Thu, 14 May 2009 19:30:00 +0000

Responsible for achieving sales target with the disciplinary process of the sale, so that support accelerated achievement of branch sales target.

Main Responsibility :

Search for the customer (debtor) with the new fill and run the daily agenda of good and true
Managing portfolio (loans) for customers who have developed a healthy relationship with both of the customer. Among others: Cash Pick Up, Business maintained, Top Up and Collection
Make penetration of the sales area up to 10 km from the branch office
Helping branch (Branch Manager) to build community center with the customer is always involved in the branch activities.
Have the ability to sell and have the ability to pro-negotiation
Have high integrity, Discipline, Proactive, Persistence,Target Oriented and communicative

Qualification:

Education: major degree /IPK 2.75
Maximum age 30 years
1-2 years minimum experience
The language and local culture
Strongly oriented towards the target
The task of field
Able to establish communication and able to adapt quickly

Limit transportation of cash

noreply@blogger.com (Relan) — Thu, 14 May 2009 18:19:00 +0000

Limit transportation of cash can be divided into:

Cash In Transit (CIT) :

Transportation of cash from a branch to the Central Vault cash (CCV) and vice versa as well as to and from the Central Bank and to and from other banks or to and from the customer for operational purposes.
Cash that must be stored in the storage box of money that has dual security system custody.
For transportation to and from the branch coordinator, using the media or special form that has been agreed

Cash Pick Up Services (CPU):

Transport cash deposit from the customer service in order to cash pick-up routine to customers.
Can be done at home or place of business customers.
Using EDC (electronic Data Capture) media or form special CPU
deposit money can be made by customers other than

Determining the limit box is usually referred to by their - or their division in the bank by the proposed branch and known by the immediate superior and the superior of their respective supervisor.

CIT executive officer and the CPU is equipped with the mandatory task and the letter of Ultra violet light that functions as a portable money detector

Transport cash is compulsory insurance dicover with cash and cash limit will be adjusted with the agreement with the insurance.

Limit Box Branch Teller Micro Bank

noreply@blogger.com (Relan) — Wed, 13 May 2009 03:26:00 +0000

To improve service to customers of most banks micro entrepreneur, provided cash box at the Teller. Cash is managed and the responsibility of each bank micro Teller. All funds are in a box on the counter Teller / Teller area insured the insurance company appointed by the bank.

Teller at the time of receiving deposits from customers and provide customers withdrawing money, and must be applied the principle circumspection both nominal and authenticity of the money to avoid micro customer complaints that can affect customer trust bank micro

Determining the limit box is usually referred to by the respective division or in the case of the bank submitted by the branch and known by the immediate superior and the superior of their respective supervisor.

When the money in the box near the teller or exceed the permitted limit, the money box in the teller should be disetorkan officer for the operation to be inserted into the safe. This must be done because the criminal act occurred when the insurance will only change to the bank are a number of micro insurance guaranty money box teller.

In addition to the above, as well as the reconciliation day to occur when the difference will be more easy money in the process of verification and investigation and tracking of a difference because the money selih both more and less difference.

Term of the Loan on the Micro Banking

noreply@blogger.com (Relan) — Tue, 12 May 2009 06:38:00 +0000

Target Market, Micro banking Debtor is a trader or businessman or entrepreneur
Residency and citizenship, Indonesia citizens who remain domiciled in the country in the union republic Indonesia
Destination Loan, Centers is the purpose of the loan however, is suggested as working capital or business investment was related to potential business micro banking debtor
Business Ownership Business, which must be financed property debtor
Business Places, business are owned by prospective borrowers, the wife / husband prospective borrowers, parents / prospective debtor law, children uterus prospective debtor, except in the community then the market can be a right or permission to use trademarks or similar that can be extended
Phone Number, It is expected that prospective borrowers have a phone number that can be contacted either fixed network (fixed line) or wireless network (Hand Phone etc.)
Track record, Branch / unit must ensure that prospective borrowers, or husband / wife or business (if have) already have a loan in place, and check loans that for consideration in the analysis credit
Verification, Conducted verification of all information and results are listed on the verification of all documents credit
Determining the amount of loan, Determining the loan amount is determined based on ability to pay back (IDIR) and working capital needs (WI), if necessary by considering the application and prospective micro banking debtor or guarantee.
Credit Agreement, Credit agreement must be signed by prospective borrowers and the Bank
Business Type avoided that (in general), Type of business that do not have a place of business fixed, business income received more than 1 month or once seasonal business that operate less than 2 years, Location outside the target market map.
One Obligor Concept, Terms of Bank Indonesia on the concept of one if the obligor is a debtor to have any relation to the other financially and / or between the management and the relevance or the collateral
Other Revenue, Earnings debtor's business other (non-business, which will be financed) The business (not as employee salaries) from the pair potential borrowers

Insurance Declaration

noreply@blogger.com (Relan) — Tue, 12 May 2009 06:36:00 +0000

Declaration of Insurance is the report that the contents of each working day after the end of the operating day based on Realized Nominal (For holidays do not need to fill in, except there is operational

Reports Declaration of insurance made to find out how much the insurance premium must be paid / payable by branch which consists of 2 reports, namely CICB (Cash In Cashier Box), the nominal handover of money from the end of the day from Teller to Operations Officer. CIT (Cash In Transit), the amount of money that the pick up and delivery of cash or the branch staff.

for that Declaration of Insurance must be made every day, in order to reduce the risk of error date / charging error on a different date to report. Declaration in accordance with the insurance must be made in accordance with the indemnity insurance that occurred at that time.

Micro banking Player in Indonesia

noreply@blogger.com (Relan) — Tue, 12 May 2009 06:34:00 +0000

Micro Banking is a business segment of the banking sector to serve more small business market, micro and medium (MSMEs), the opportunity is still very big on this segment to make foreign and local investors are interested to be able to enter and compete in order to benefit most from the sector.

Micro Banking in Indonesia is dominated by one of the government, namely the Bank of Bank Rakyat Indonesia (BRI) of the market sector MSMEs ± 30%, ± 5% followed by some of the BPR, Koperasi and Baitul Malwat Tanwil (BMT). So long ± 65% market share MSMEs sector does not doing with maximum by private or government.

Some of the Bank of the Government and the private sector has been trying to enter the market, but the trip when the constraints, they fail as Bank Mandiri, BNI and Bank Danamon. Then in 2004 one of the private banks namely Bank Danamon try again to enter this market. Danamon launched Micro Banking Segment with the name Danamon Simpan Pinjam, or better known as the DSP in the community, led by Djemi Suhenda.

Year 2008, the pop - new players in micro banking sector, among others Bank Mega with Mega Mitra Syariah (M2S), Bank Panin, Bank BTPN and several other banks. Including Bank Mandiri, also start again on Micro banking sector. Not only that, many players who will participate in the world such as Micro Banking like CIMB Niaga and more ...we wait ....

Interesting Investor For micro banking or Microfinance bank

noreply@blogger.com (Relan) — Tue, 12 May 2009 06:31:00 +0000

Indonesia is a developing country, but the biggest supporters of this nation's economy is on the small business sector, micro and medium (MSMEs) but it seems the government does not see and less concerned with the sector. campaign so much effort in this sector and improve the program - poverty reduction program based MSMEs, but the campaign is just a campaign, which was then fade and disappear after the economic climate began to change.

Communities themselves as less concerned with the government programs and thus seemed to take advantage of the opportunity that is too narrow, in the members and program participants only to get a capital injection and then fled without paying with a variety of reasons. This is because of the government it self is not and has not been able to control this micro banking sector.

In 1998 when the dash Indonesian monetary crisis, the banking sector was down so many banks have liquidation and put into the "Badan Penyehatan Perbankan Nasional" (BPPN). Another case with Banks and financial institutions in the small business sector, micro and medium (MSMEs) and the Bank also focused on such as BRI Micro Banking, BPR and Koperasi. Even if the financial crisis they jump and stand still does not feel as if they even still wash benefits.

In 2004 when the Bank Danamon enter this segment through the micro banking Danamon Simpan Pinjam (DSP) of the many business and banking pessimistic on the ability of DSP to be able survive more than 3 years. However, after 3 years running, input and assumptions have been changed 180 º by Djemi Suhenda, not only able to survive but the DSP has been developing rapidly over 15% market share and Micro Banking UMKM main competitor was the most frightening BRI throughout history.How does not, the DSP is in the loan ceiling to the customer so many BRI customers moving into the DSP customers, in addition to the BRI never predict the strength of DSP will be developed so rapidly become competitors in the micro banking sector.

The most interesting for investors, of course, profit and profit ... Look how much profit in the illicit BRI's microfinance sector and also the segment of the Danamon for Segment DSP. The profit before tax (Net Performance Before Tax) is arouse investor. This is due in 1 year a branch micro banking can provide benefits before tax up to 1 billion. If we can imagine the amount of more than 500 branches then we can also count the all benefits.

In fact, many branches of benefit or profit is 1 billion after the consolidation process and also charged after tax (NPAT = Net Profit After Tax). Do you interesting to invest ....

Working On Micro Banking

noreply@blogger.com (Relan) — Tue, 12 May 2009 06:26:00 +0000

Working on micro banking not be like by everyone. For people who have both experienced and new graduates, work at a bank is the prestige and arouse so rollicking submit application letter with the hope to work in one of the micro bank in Indonesia. Consequently many of them have received as employees expressed disappointment. Why this can happen, the answer is very simple because they do not know Anything about micro banking.

In fact at the time of signing the agreement before the work, some of the micro bank said "If you are not a workaholic, better step down now" but they still see continued without further work on the bank again.

The system especially micro bank is very much different with the work on conventional bank / regular bank. Entering the micro banking world must be ready to exit-entry markets, shops, stalls and also be ready to be workaholic. Paradigm of workaholic, of course, because the shareholders want the company benefits from big business. Applied in the target to get mad and throw the customer time and loans is not a hindrance to work tired, although without calculating the overtime.

However, hard work of course get the reward that kind, especially in the form of incentives. For those who have achievement incentive of 1 monthly basic salary is not that difficult to get and there are many incentives in the period of 3 monthly, 6 monthly, yearly and even 5 yearly. So, for the workaholic, work on the micro banking is very precise, especially if you want to get the results be more.

Micro Banking Limit Transactions

noreply@blogger.com (Relan) — Mon, 11 May 2009 12:30:00 +0000

In micro banking, Limit To Computer Accounting Transactions made to apply principles of careful implementation of the Bank and Dual Control over the transaction, the transaction must limit specified for each staff to conduct a transaction Computers.

Determining the limit is usually refers to circular or memo issued by the respective divisions with regard to "Limit transaction" submitted by the branch and known by the immediate superior and the superior of their respective supervisor.

Limit transactions on micro banking that have been specified for each level in accordance with the duties and responsibilities that limit Teller, Operation officer and Branch Manager

Limit the online transaction is made up of 2 things, namely:

Limit Cash transactions consist of the deposit and pull
Non-cash transaction limit that consists of overbooking.

Limit transaction registered usually required for the application of computer use and the appropriate provisions of the current limit when the transaction - can be changed in accordance with the policies that apply to the individual - each bank

When a staff in a transaction exceeds the limit of authority, then the bookkeeping transaction can still be done with the approval / override from superiors or the holder of a higher limit be set in the Operating Instructions.

example: A customer came to the bank to make a cash deposit to the teller counter a number of 7 million rupiah, while the limit for the cash transaction teller of 5 million rupiah. So transactions are done with the input to the teller system, and Operations Officer (OO) Override to provide transaction authorization as may be executed with the responsibility of the authority limit Operation Officer.

As a proof of transaction approval from Operation officer or other superiors who have authority limit higher then superiors or Operation officer put a signature on transaction evidence in this case a customer deposit slip as proof of the override provided directly (not sharing user Id and password) by bank officials.

Paradigm Micro Bank in Indonesia

noreply@blogger.com (Kusuma) — Mon, 04 May 2009 20:53:00 +0000

Working on Bank of Micro not be like by everyone. For people who have both experienced and new graduates, work at a bank is the prestige and arouse so rollicking submit application letter with the hope to work in one of the bank is in the micro Indonesia. Consequently many of them have received as employees expressed disappointment. Why this can happen, the answer is very simple because they do not know Anything about micro banking.

In fact at the time of signing the agreement before the work, some of the micro bank said "If you are not a workaholic, better step down now" but they still see continued without further work on the bank again.

The system especially micro bank is very much different with the work on bank conventional / regular. Entering the micro world must be ready to exit-entry markets, shops, stalls and also be ready to be workaholic. Paradigm of workaholic, of course, because the shareholders want the company benefits from big business. Applied in the target to get mad and throw the customer time and loans is not a hindrance to work tired, although without calculating the overtime.

However, hard work is, of course, get the reward that kind, especially in the form of incentives. For those who have achievement incentive of 1 monthly basic salary is not that difficult to get and there are many incentives in the period of 3 monthly, 6 monthly, yearly and even 5 yearly. So, for the workaholic, work on the micro bank is very precise, especially if you want to get the results be more.

Bank Indonesia Business License Unplug PT. Bank IFI

noreply@blogger.com (Kusuma) — Mon, 04 May 2009 20:04:00 +0000

Based on the Decree of Governor of Bank Indonesia. 11 / 19 / KEP.GBI/2009 dated 17 April 2009, Bank Indonesia decided to revoke the business license of PT. Bank ifi. Business license revocation is done in accordance with the mechanisms and procedures in Bank Indonesia Regulation (PBI) No.6/9/PBI/2004 On 26 March 2004 Information About Supervision and Follow-Determination's Bank, which was modified last time with PBI No.10/27 / PBI/2008 dated 30 October 2008.

Bank Indonesia has been long enough to do some steps Penyehatan appropriate control procedures that apply, including the request of Shareholders Control (PSP) to increase the capital and maintain liquidity bank. However, the bank does not successfully run the program Penyehatan Required. Thus the cancellation is done with the permission of the consideration to avoid a greater loss and protect the interests of customers.

Furthermore, based on Law No. 7 of 1992 as amended by Act 10 of 1998 and the Banking Act No.24 of 2004 regarding institution of savings (LPS), the settlement of obligations of PT. Ifi bank depositor funds to the client / creditor will be conducted by LPS according to regulations. Therefore, customers are asked to be quiet and still contact the office of PT. Ifi bank for more information.

Related to the settlement of customer savings, LPS akan perform reconciliation and deposit verification client to determine the deposit is paid and is not feasible feasible paid. Reconciliation and verification is, LPS will be completed at the latest within 90 working days of the date of revocation of bank licenses. Furthermore, the implementation of the payment that is determined as eligible to pay the deposit will be made by LPS with the following mechanism:

Payments made by the appointed paying bank through LPS-office branches nearest office of PT. Ifi Bank to facilitate customers / creditors to receive payment of funds simpanannya.
To facilitate the implementation of the payment, saving the customer funds and other creditors are required to bring documents or evidence of ownership of funds accompanied by the identification form of ID, driver's license or other identity.
LPS will soon announce the time of payment.

PT employees. Ifi Bank is expected to help keep the process of handling the customers at the bank conducted by LPS.

Source of Public Relations of Bank Indonesia
Press Release www.bi.go.id

History of Islamic banking

noreply@blogger.com (Kusuma) — Sat, 02 May 2009 16:59:00 +0000

Classical Islamic banking

Main article: Islamic economics in the world
Further information: Early reforms under Islam

During the Islamic Golden Age, early forms of proto-capitalism and free markets were present in the Caliphate, where an early market economy and an early form of mercantilism were developed between the 8th-12th centuries, which some refer to as "Islamic capitalism". A vigorous monetary economy was created on the basis of the expanding levels of circulation of a stable high-value currency (the dinar ) and the integration of monetary areas that were previously independent.

A number of innovative concepts and techniques were introduced in early Islamic banking, including bills of exchange, the first forms of partnership (mufawada) such as limited partnerships (mudaraba), and the earliest forms of capital (al-mal), capital accumulation ( nama al-mal), cheques, promissory notes, trusts (see Waqf), startup companies, transactional accounts, loaning, ledgers and assignments. Organizational enterprises similar to corporations independent from the state also existed in the medieval Islamic world, while the agency institution was also introduced. Many of these early capitalist concepts were adopted and further advanced in medieval Europe from the 13th century onwards.

Riba

The definition of riba in classical Islamic jurisprudence was "surplus value without counterpart." or "to ensure equivalency in real value" and that "numerical value was immaterial." During this period, gold and silver currencies were the benchmark metals that defined the value of all other materials being traded. Applying interest to the benchmark itself (ex natura sua) made no logical sense as its value remained constant relative to all other materials: these metals could be added to but not created (from nothing).
Applying interest was acceptable under some circumstances. Currencies that were based on guarantees by a government to honor the stated value (i.e. fiat currency) or based on other materials such as paper or base metals were allowed to have interest applied to them.[When base metal currencies were first introduced in the Islamic world, no jurist ever thought that "paying a debt in a higher number of units of this fiat money was riba" as they were concerned with the real value of money (determined by weight only) rather than the numerical value. For example, it was acceptable for a loan of 1000 gold dinars to be paid back as 1050 dinars of equal aggregate weight (i.e., the value in terms of weight had to be same because all makes of coins did not carry exactly similar weight).

Modern Islamic banking

The first modern experiment with Islamic banking was undertaken in Egypt under cover without projecting an Islamic image—for fear of being seen as a manifestation of Islamic fundamentalism that was anathema to the political regime. The pioneering effort, led by Ahmad Elnaggar, took the form of a savings bank based on profit-sharing in the Egyptian town of Mit Ghamr in 1963. This experiment lasted until 1967 (Ready 1981), by which time there were nine such banks in the country.

In 1972, the Mit Ghamr Savings project became part of Nasr Social Bank which, till date, is still in business in Egypt. In 1975, the Islamic Development Bank was set-up with the mission to provide funding to projects in the member countries. The first modern commercial Islamic bank, Dubai Islamic Bank, opened its doors in 1975. In the early years, the products offered were basic and strongly founded on conventional banking products, but in the last few years the industry is starting to see strong development in new products and services.

Islamic Banking is growing at a rate of 10-15% per year and with signs of consistent future growth. Islamic banks have more than 300 institutions spread over 51 countries, plus an additional 250 mutual funds that comply with the Islamic principles. The relative stability of Islamic banking institutions in current recession has gained it attention. Even The Vatican said banks should look at the rules of Islamic finance to restore confidence amongst their clients at a time of global economic crisis.

Original Article on wikipedia

Micro Banking Credit Officer

noreply@blogger.com (Kusuma) — Tue, 14 Apr 2009 18:04:00 +0000

Duties and Responsibilities

Registration application forms credit application
To process a credit in accordance with the Credit Policy
Investigations negative information potential borrowers
Make recommendations for analysis and credit approval
Obeying Procedures and Policies that apply

Education

Minimum D3 graduates of all majors

Competence

Experience at least 2 years working as a Marketing Analyst in the credit or BPR or Bank or other Financial Institutions
Have high integrity
Of the local language and able to build relationships with the community
Having good communication skills and a thorough
An analysis of how to think of good

Micro Banking Teller & Customer Service

noreply@blogger.com (Kusuma) — Tue, 14 Apr 2009 17:42:00 +0000

Employees who are responsible to provide services to customers and handle transaction processing in both the branch and in the place where customers and do cross selling to customers.

Duties and Responsibilities

Responsible for opening up the account, customer account closure
Serving customers in conducting transactions in cash and non cash with both true and appropriate conditions
Conducting matching (reconciliation) and ensure that all transactions in accordance with the evidence of the transaction
Cross selling and service excellence to run
Creating daily reports

Education

Minimal D3 graduates from All departments

Competence

Diutamakan experience as a cashier or teller for 1 year
Capable of working with the team
Have a commitment to achieving quality
Ability to follow instructions and procedures and regulations that have
Ability to provide services in a precise and efficient

Micro banking Operation Officer (OO)

noreply@blogger.com (Kusuma) — Tue, 14 Apr 2009 17:38:00 +0000

Responsible for operational activities in the unit / branch and the control and supervision functions of the teller and security Assisting the branch manager / Unit Manager in the implementation of the annual work plan, operational plan and service compliance with the rules and control and run and follow the work plan is

Duties and Responsibilities

Responsible for full operation in the branch and can help provide solutions to operational problems and to monitor its
Conducting daily inspections and maintenance reports for the CIF, of accounts, reporting, BI, Line Of Business, customer verification, Balance Sheet, Profit Loss, Rek Broker.
Responsible on the liquidity flow in the branch, Test Key, filling the building and maintenance documents.
Make registration and is responsible for the existence of inventory and office stationery office , and the valuable message that is in the branch

Education

Minimum S1 from all departments

Competence

Minimum 3 years experience in the field of banking
Be able and capable of working in a team
Able to supervision
Understanding and understand the function of Operation Support businesses that support the Bank
Knowing the system and operational procedures banking
Can these issues, make decisions and avoid high risk
Always think the interests of our customers better, "Customer Oriented"
Understanding banking system development process
Understanding the standard Bank policies

Micro Banking Branch Manager

noreply@blogger.com (Kusuma) — Tue, 14 Apr 2009 17:24:00 +0000

Branch leaders who bertanggungawab to target business, operational process, service to customers and quality of credit portfolio.

Duties and Responsibilities

Duty to lead a unit or branch
Responsible for the portfolio with the branch's target customer sector
Small micro and medium (MSMEs) in the area around the branch.
Responsible for all operational activities of the process: managing the budget, responsible for infrastructure and maintenance as well as responsible for the creation of reports and branches.
Responsible for the recommendation and keputtusan credit.
Monitoring and mensupervisi marketing team in the application, target achievement, relationships with customers and a smooth customer installment payments.
Develop a network with the local community against the company / bank

Education

* Minimal S1 graduates from all majors

Competence

* Minimum of 3 years on the same field of SME, cooperative, or BPR
* Have experience of marketing
* Have high integrity
* The soul of leadership
* Orientation target
* Spirit and Creative

Why Micro Banking UMKM so interesting for Investor

noreply@blogger.com (Kusuma) — Wed, 25 Mar 2009 14:42:00 +0000

Indonesia is a developing country, but the biggest supporters of this nation's economy is on the small business sector, micro and medium (MSMEs) but it seems the government does not see and less concerned with the sector. campaign so much effort in this sector and improve the program - poverty reduction program based MSMEs, but the campaign is just a campaign, which was then fade and disappear after the economic climate began to change.

Communities themselves as less concerned with the government programs and thus seemed to take advantage of the opportunity that is too narrow, in the members and program participants only to get a capital injection and then fled without paying with a variety of reasons. This is because of the government it self is not and has not been able to control this sector.

In 1998 when the dash Indonesian monetary crisis, the banking sector was down so many banks have liquidation and put into the Badan Penyehatan Perbankan Nasional (BPPN). Another case with Banks and financial institutions in the small business sector, micro and medium (MSMEs) and the Bank also focused on such as BRI Micro Banking, BPR and Koperasi. Even if the financial crisis they jump and stand still does not feel as if they even still wash benefits.

In 2004 when the Bank Danamon enter this segment through the micro banking Danamon Simpan Pinjam (DSP) of the many business and banking pessimistic on the ability of DSP to be able survive more than 3 years. However, after 3 years running, input and assumptions have been changed 180 º by Djemi Suhenda, not only able to survive but the DSP has been developing rapidly over 15% market share and Micro Banking UMKM main competitor was the most frightening BRI throughout history.
How does not, the DSP is in the loan ceiling to the customer so many BRI customers moving into the DSP customers, in addition to the BRI never predict the strength of DSP will be developed so rapidly become competitors in the micro sector.

The most interesting for investors, of course, profit and profit ... Look how much profit in the illicit BRI's microfinance sector and also the segment of the Danamon for Segment DSP. The profit before tax (Net Performance Before Tax) is arouse investor. This is due in 1 year a branch micro banking can provide benefits before tax up to 1 billion. If we can imagine the amount of more than 500 branches then we can also count the all benefits.

In fact, many branches of benefit or profit is 1 billion after the consolidation process and also charged after tax (NPAT = Net Performance After Tax). Do you interesting to invest ....