Shari’a Cooperative Baitul Mal Wat Tamwil Pringsewu

Mission:

To develop the members’ economy in particular and community in general and involve in development of national economic array as well as developing modernize, fairness and prosper environment rooted in the Indonesian Five Principles and Constitution of 1945.

Background and Main Challenges:

Sharia Cooperative Baitul Mal Wat Tamwil Pringsewu, hereafter referred to as “BMT”, was founded and established on 1st August 2002 by a group of Moslems consist of 62 (sixty two) individuals from Pringsewu. The BMT initial mandatory saving was IDR 250,000 per individual making an authorized and ... Read more

Address:

Jl. Jenderal Sudirman Gang Pasar Balok Kompleks Pasar Loak Sepeda

Pringsewu

Tanggamus, Lampung

35373

Indonesia

Phone:

(0279) 24265

Fax:

(0279) 23998

Email:

bmtpringsewu [at] telkom [dot] net

Products and Services:

Loans

Voluntary Savings

Products:

Loans, savings and leasing products.

Looking for (Investment Types):

Equity investments

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 2002

FYE:

31-Dec

Current Legal Status:

Rural Bank

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
+ Development goals (ranked by importance)
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
Has a formal board committee that monitors social performance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Loans for agriculture
Loans for education
+ Savings products offered
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
Fixed term deposits
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Flat interest method
+ Social responsibility to staff
+ Human resources
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
MICRA	Partner

MFI Report