Partnership Program

Ever since the Partnership Program was implemented in 1993, Pertamina has fostered approximately 96,000 small enterprise foster partners with total loans reached an estimated of Rp 2.046 trillion. Based on the 2011 GMS, of the PKBL budget for the Partnership Program funds in 2011 amounted to Rp326 billion, Rp348 billion has been realized or reaching 106.76%. During the period of 1 January to 31 December 2011, PKBL Pertamina increased partners to approximately 23,000. Loan funds which were disbursed during the year 2011 were spread to several regions in Indonesia and cover several sectors.

The distribution program for the Partnership Program is not limited to Pertamina’s own distribution for individuals (cluster system or in groups) but also in the form of synergy with other SOEs including PT Sang Hyang Sri (SHS), PT Perkebunan Nusantara X (Persero), PT Perkebunan Nusantara XIII (Persero), PT Pertani (Persero), and PT Garam (Persero). These efforts were done to improve people’s welfare particularly farmers who have good potentials to be developed.

 

Aside from fund distribution for Partnership Program, Pertamina also distributes funds for Development programs. Realization of grants distribution (Development) in 2011 amounted to Rp 21.042 billion, or 80.93% of the budget for that program amounting to Rp 26 billion. Several development programs conducted included participations in exhibitions of national and international levels to introduce foster partner’s products, training in entreprenership seminars, export import workshops, and other activities.

 

2011 PARTNERSHIP PROGRAM PERFORMANCE

The performance level of Pertamina Partnership Program in 2011 based on SOE State Minister Decree No. KEP-100/MBU/2002 dated 4 June 2002 was as follows:

(1) Fund distribution effectiveness; and
(2) Calculation of loan repayments (collectibility).

Effectiveness of fund distribution in 2011 was 91.67%, which represented an increase compared to 2010 of 90.05%. The increase was mainly due successful fund disbursement in accordance with the target sectors and planning. The calculation of loan repayment in 2011 was 76.61%, an increase compared to 73.52% in 2010. In accordance with State Minister for SOE Decree No. KEP-100/MBU/2002 dated 4 June 2002, the above mentioned performance levels are equivalent to a score of 3 (three), which is the highest score category.

 

Press Release

 

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