No.24/73/DKom
In
conjunction with the Ministry of Manpower and Ministry of Tourism and Creative
Economy, Bank Indonesia (BI) is expanding and strengthening access to finance
for MSMEs via the SIAPIK financial accounting mobile application that allows
MSMEs to record financial transactions, while automatically generating digital
financial statements. That was the key
takeaway of the virtual kick-off event for Semangat SIAPIK, Synergy
to Increase MSME Access to Finance via SIAPIK, held today (07/03).
Strengthening
literacy among MSMEs in terms of financial accounting is a form of BI support
to achieve the targeted 30% portion of MSME loans to total outstanding loans
disbursed by the banking industry in 2024, as announced by the Indonesian
President in 2021, which currently stands at 20.6% of total credit, as well as
achieve the Macroprudential Inclusive Financing Ratio (RPIM). A couple of the reasons for the currently low
level of disbursed loans to MSMEs is low financial management capacity and
financial literacy amongst MSMEs. In
response and to enhance financial management capacity, Bank Indonesia took the
initiative to launch the SIAPIK financial accounting mobile application. That was the salient message delivered by
Bank Indonesia Deputy Governor, Doni P. Joewono, in his remarks.
The
Secretary General of the Ministry of Manpower, Anwar Sanusi, added that the
role of manpower development, both formal and informal, is a strategic measure
to improve the capabilities of the Indonesian workforce. Since 2021, cooperation between the Ministry
of Manpower and Bank Indonesia has provided training to 800 independent workers
using the SIAPIK application for digital financial accounting. Moving forward, greater capacity for digital
financial bookkeeping is expected to increase the competitiveness of independent
workers in the global era.
Dadang
Rizki Ratman, Expert Staff for Business Development from the Ministry of
Tourism and Creative Economy, took the opportunity to outline government
programs implemented since 2021 to provide technical guidance on financial
literacy using SIAPIK through financial training and workshops to enhance the
competencies of human resources in the tourism sector and creative
economy. In 2021, the Ministry of
Tourism and Creative Economy organised workshops to provide technical guidance
and discuss the benefits of financial digitalisation in West Sumatra and Bali,
which will continue in 2022 in West Java and Banten as well as several cities.
SIAPIK
is a digital financial accounting mobile application that aims to facilitate
MSME bookkeeping and provide greater MSME access to finance for MSMEs to level
up. Since the launch by Bank Indonesia in
2017 until the end of 2021, a total of 17,837 users have registered through the
SIPAIK application, with 99% dominated by micro enterprises, of which 40% are manufacturing
businesses. Of the total registered
users, 724 MSMEs have secured bank financing with a value of Rp18.3
billion. As a breakthrough innovation to
enhance financial management in MSMEs, SIAPIK has a number of standard,
convenient, safe, simple and reliable (SMASH) features. Furthermore, SIAPIK is
complemented by the SIAPIK Literacy Guidelines, as a standardised
socialisation, training and mentoring module that also meets the requirements of
financial institutions for credit analysis purposes.
Bank
Indonesia constantly strives to strengthen coordination in terms of MSME
development in Indonesia to achieve equitable and sustainable economic
growth. To that end, MSMEs are expected
to remain consistent and committed to maintaining product quality through
creativity and innovation, while selectively and prudently seeking information
regarding access to finance by utilising digital technology.
Jakarta, 7th March
2022
Head of Communication Department
Erwin Haryono
Executive Director
Information about Bank
Indonesia
Tel. 021-131, Email: bicara@bi.go.id
