Dialog Virtual : KSPPS BMT Huwaiza

Summary

This transcript highlights the journey of Koperasi Simpan Pinjam Pembiayaan Syariah (KSPS BMT Huzaini) in Indonesia. Founded in 2002, it evolved from a small community initiative to a national cooperative focused on Sharia-compliant financing. The cooperative overcame initial challenges, such as legal formalization, and gained crucial support from local government and LPDB-KUMKM funding, enabling its growth. Through dedication, efficient service, and Sharia-compliant financial solutions, BMT Huzaini has provided members with financial stability and opportunities for productive ventures. The cooperative's future plans include expanding to other cities and further contributing to Indonesia’s Sharia economy.

Takeaways

• 😀 The cooperative focuses on Sharia-based financial services, with quick and easy service for its members.
• 😀 The cooperative initially began as a small community group but evolved into a formal legal entity in 2005.
• 😀 In 2008, the cooperative changed its structure to a Sharia-based cooperative, which has contributed to its growth.
• 😀 KSPPS-BMT Huzaini became a national cooperative in 2020 after receiving funding from LPDB-KUMKM.
• 😀 The cooperative faced initial challenges due to limited resources but overcame them by gaining legal status and government support.
• 😀 KSPPS-BMT Huzaini stands out from other cooperatives due to its motto of 'quick, easy, and blessed' service.
• 😀 The cooperative currently has 3,065 members and 13 employees, with one branch office located in Depok.
• 😀 The cooperative's growth was greatly supported by the LPDB, especially during the COVID-19 pandemic, providing timely funding.
• 😀 KSPPS-BMT Huzaini operates under strict legal compliance and maintains strong relationships with the local government and the Ministry of Cooperatives.
• 😀 The cooperative focuses exclusively on Sharia financing, providing funding to members for productive businesses, with loan amounts ranging from IDR 1 million to IDR 100 million.

Q & A

What distinguishes Koperasi from other cooperatives?

Koperasi stands out because it combines Shariah economics and contracts with fast, easy, and beneficial services, offering a distinct focus on Shariah-compliant financing.

What types of business units does the cooperative manage besides savings and Shariah financing?

The cooperative focuses solely on Shariah financing, specifically as a Savings and Loan Cooperative (Koperasi Simpan Pinjam Pembiayaan Syariah, KSPS).

Why did the cooperative apply for financing from LPDB-KUMKM?

The cooperative applied for financing from LPDB-KUMKM because the financing offered is fully Shariah-compliant, with profit-sharing arrangements that are equitable and light, such as 70-30 or 80-20 ratios.

What led to the establishment of KSPS-BMT Huzaini?

KSPS-BMT Huzaini was established in 2002 from a group of 12 women in a study group, aiming to address the needs of those requiring financial support for education and business capital.

How has the cooperative evolved since its founding?

The cooperative began as a simple self-help group in 2002, became legally recognized in 2005, transitioned to a Shariah-based cooperative in 2008, and became a national cooperative in 2020 after receiving capital from LPDB.

What challenges did the cooperative face in its early years, and how were they overcome?

In its early years, the cooperative faced challenges due to its small size and lack of legal status. After becoming legally recognized in 2005, it was able to expand its reach and collaborate with government agencies, receiving funding in 2007.

What sets KSPS-BMT Huzaini apart from other Shariah cooperatives?

KSPS-BMT Huzaini differentiates itself through its motto of 'fast, easy, and beneficial' service. It is dedicated to providing swift and efficient service with a focus on Shariah-compliant financing.

What is the current size of the cooperative in terms of membership and employees?

As of 2021, the cooperative has 3,065 members and employs 13 staff members. Additionally, it has one branch office located in Depok.

What factors contributed to the success and growth of KSPS-BMT Huzaini?

The success of KSPS-BMT Huzaini can be attributed to the full support of its members, the hard work of its management, and key partnerships with the government and LPDB, especially during the COVID-19 pandemic, when LPDB provided crucial financial support.

What is the future vision for the cooperative?

The cooperative plans to open branches in various cities annually to expand its impact, ensuring that more people have access to Shariah-compliant financial services.