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Rural Bank (BPR)
An overview of TLMs Rural Bank
BPR Establishment
Consecutive legislation in 2001 and in 2004 passed by the Indonesian Government prohibits Foundations from providing Microfinance services after 2007. TLM conducted a study and found that a Rural Bank was the best formal financial institutation structure that will support TLM to continue providing microfinance services to the poor. A feasibility study was then completed in 2006 to understand the existing market and future operations of the BPR
BPR Objectives
The objectives of the BPR include:
- Allowing TLM to meet new government regulations governing the provision of Microfinance services
- Allowing the use of client savings as funds for loan disbursements
- Expanding the services of TLM to include additional financial products and services, including voluntary savings and loans for more affluent individuals. This will assist with future sustainability of the TLM
BPR Performance
BPR TLM has been operating since February 2008 with 21 staff. BPR Performance as at the end of 2009:
| Item | 2008 |
2009 |
|---|---|---|
| Active Borrowers | 493 |
730 |
| Loan Outstanding (Rp) | 16,519,571,000 |
33,407,730,000 |
| Number of Active Savers | 2,108 |
3,916 |
| Client Savings (Rp) | 17,217,085,358 |
32,141,089,000 |
| Equity | 5,097,231,103 |
7,859,280,000 |
| Asset (Rp) | 22,598,479,363 |
41,059,738,000 |
| Number of Office | 1 |
1 |
| Number of Staff | 23 |
27 |