Koperasi Karyawan PT Bio Farma (K2BF)

What Koperasi Karyawan PT Bio Farma (K2BF) does

Koperasi Karyawan PT Bio Farma (K2BF) is an employee-owned cooperative (koperasi) headquartered in Bandung, West Java, Indonesia, legally registered as a private business entity and formal partner (rekanan) of the state-owned pharmaceutical manufacturer PT Biofarma (Persero). The cooperative operates nine distinct business units serving primarily the employees of PT Biofarma as member-owners: Simpan Pinjam (microfinance savings and loans via the SIPA portal), BioMart (mini-market retail with three Bandung locations), Perdagangan Umum (general trading supplying office supplies and medical equipment to Biofarma), Distribusi (national logistics with Aceh-to-Papua reach), Pengadaan Tiket Perjalanan (travel ticketing), Fotocopy & Scan (on-site at Biofarma's multipurpose building), Catering (serving Biofarma with surpluses returned to members), Pergudangan (cold-room warehousing in Bandung Barat), and Green Mansion Cihanjuang (housing development with KPR financing). K2BF also holds two wholly-owned subsidiaries — PT. Sabil Huda Utama and PT. Garda Dwi Utama (car rental) — and partners with BTN (Bank Tabungan Negara) on housing loan distribution.

K2BF employs 28 people, is governed by a Pengawas (Supervisory Board) and Pengurus (Board of Directors) elected for fixed terms (currently 2026-2028 under Ketua Umum Tangkas Riyadi), and operates under cooperative law with legal entity registration number 001212/PAD/M.KUKM.2/IX/2019 dated August 16, 2019. Revenue is generated through transaction-fee style streams: loan interest and operational fees on Simpan Pinjam, retail markup on BioMart, procurement margins on Perdagangan Umum, distribution fees on logistics, ticket commissions on travel, rental income on warehousing and catering contracts, and unit sales plus KPR facilitation on Green Mansion housing. There is no disclosed proprietary technology platform; digital tooling is limited to the SIPA loan application portal (sipa.k2bf.co.id) and a Whistleblower compliance system (wb.k2bf.co.id).

The cooperative's go-to-market is community-led: members are acquired and retained through their employment at PT Biofarma, and all services are accessed directly on the Biofarma campus or through a small number of Bandung-area retail branches. Marketing is primarily internal (direct member communication) supplemented by the corporate website and a Linktree (linktr.ee/K2BF) social media hub. Customer concentration on PT Biofarma is near-total across procurement, warehousing, catering, distribution, and on-site services, with BioMart retail and Green Mansion housing providing the only meaningful exposure to the general public.

Name

Koperasi Karyawan PT Bio Farma (K2BF)

Legal name

Koperasi Jasa Karyawan PT Biofarma (Persero)

Website

https://k2bf.co.id

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

K2BF is an employee-owned cooperative in Bandung, Indonesia, operating nine business units — microfinance, retail, trading, distribution, travel, catering, warehousing, and housing — primarily serving the employees and procurement needs of state-owned pharmaceutical manufacturer PT Biofarma.

Ownership category

akta.pro rank

Product category

Cooperative Services

NAICS

Credit Unions (522130)

SIC

Finance Lessors (6172)

akta.pro primary industry

Microfinance & Community P2P Lending (FSAKAHAD)

Keywords

• Employee cooperative services
• Microfinance savings loans
• Retail minimarket operations
• Pharmaceutical logistics distribution
• Housing mortgage services

Headquarters

HQ city

Bandung

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Simpan Pinjam (Savings and Loans): Financial services providing savings deposits and loans to members. Revenue generated through interest on loans and operational fees.
2. BioMart Retail Operations: Mini market operations selling primary and secondary consumer goods. Revenue from retail sales to members and general public. Provides both cash and credit sales with payments collected through monthly salary deductions.
3. Perdagangan Umum (General Trading): Sales of inventory items and general goods. Major role in supplying goods to PT Biofarma, from office supplies (ATK) to machinery supporting company activities.
4. Distribusi (Distribution): Distribution services for vaccines and other products from Biofarma. Fleet capable of delivering from Aceh to Papua.
5. Pengadaan Tiket Perjalanan (Travel Ticketing): Travel ticket booking services including flights, hotels, and other travel needs for Biofarma members.
6. Fotocopy & Scan Services: Photocopying and scanning services located at PT Biofarma's multipurpose building.
7. Catering Services: Catering services primarily serving PT Biofarma with profits returned for member welfare.
8. Pergudangan (Warehouse): Cold room warehouse facilities for rent, primarily serving PT Biofarma.
9. Perumahan Green Mansion Cihanjuang (Housing): Housing development providing KPR (home loans) with quality construction. Targets Biofarma employees and general consumers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

K2BF is an employee-owned cooperative serving PT Biofarma employees, operating nine business units spanning microfinance (savings and loans through SIPA), retail (BioMart mini-markets), general trading of office and medical supplies, nationwide vaccine and goods distribution, travel ticketing, photocopying and scanning, catering, cold-storage warehousing, and housing development (Green Mansion Cihanjuang). The cooperative is registered as an official procurement partner of PT Biofarma and channels profits back to members for their welfare and professional development.

Product overview

K2BF is an employee cooperative serving PT Biofarma that operates a multi-unit business portfolio providing financial services, retail, trading, logistics, catering, warehousing, and real estate. The core offering consists of Simpan Pinjam (microfinance), BioMart (retail mini-market), Perdagangan Umum (office/medical supplies trading), Distribusi (logistics), Pengadaan Tiket Perjalanan (travel services), Fotocopy & Scan, Catering, Pergudangan (warehousing/cold storage), and Green Mansion Cihanjuang (housing development). These business units share a common mission of generating profits returned for member welfare while supporting Biofarma's operational needs. The cooperative also offers digital platforms including SIPA for loan applications and a Whistleblower System for compliance reporting.

Differentiator

Problem solved

Functional benefit

Brands

• BioMart: Mini market serving members and general public with primary and secondary consumer goods, located at PT Biofarma complex and branch locations in Jl Sukamulya and Kinagara Regency
• Green Mansion Cihanjuang
• SIPA
• K2BF Warehouse

Products and services

• Simpan Pinjam (SIPA) Microfinance unit providing savings deposit and loan/credit services to K2BF cooperative members, who are employees of PT Biofarma. Members can submit loan applications through the online SIPA portal.
• BioMart Mini market operating three locations (main store at PT Biofarma complex, branch at Jl Sukamulya, and branch at Kinagara Regency) selling primary and secondary consumer goods with both cash and credit payment options, including salary deduction for members.
• Perdagangan Umum (General Trading) General trading unit supplying office supplies (ATK), medical equipment, and machinery to support PT Biofarma's operational activities.
• Distribusi (Distribution) Distribution services using a fleet capable of delivering vaccines and other products from Biofarma across the entire Indonesian archipelago, from Aceh to Papua.
• Pengadaan Tiket Perjalanan (Travel Ticketing) Travel ticket booking service offering flight tickets, hotel reservations, and related travel arrangements at competitive prices, available to Biofarma members with WhatsApp contact support.
• Fotocopy & Scan Photocopying and scanning services located at PT Biofarma's multipurpose building, primarily serving Biofarma employees.
• Catering Catering service unit providing food services primarily to PT Biofarma, with profits directed back to support cooperative member welfare.
• Pergudangan (Warehouse) Cold room warehouse facility located in Bandung Barat district, providing storage rental services primarily to PT Biofarma for temperature-sensitive products including vaccines.
• Green Mansion Cihanjuang Housing development in the Cihanjuang area offering KPR (home mortgage) financing with quality construction, targeting Biofarma employees and general consumers with promotional benefits including free KPR, BPHTB, and AJB fees.

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• PT Biofarma (Persero)coreStrategic or Co-development PartnerK2BF is a registered partner (rekanan) of PT Biofarma. The cooperative is owned by PT Biofarma employees who are cooperative members. K2BF provides procurement of goods and services for PT Biofarma and supports employee welfare. The partnership is foundational to K2BF's business operations.
• PT. Sabil Huda UtamaminorOthersListed as a subsidiary/associated company (Anak Perusahaan) of K2BF Group.
• PT. Garda Dwi UtamaminorOthersListed as a subsidiary/associated company (Anak Perusahaan) of K2BF Group. Provides car rental services, with K2BF offering vehicle leasing through this entity.
• BTN (Bank Tabungan Negara)coreStrategic or Co-development PartnerBTN Property Expo participant. K2BF promotes housing (Green Mansion Cihanjuang) through BTN Property Expo, offering KPR (home loans) with promotional benefits including free KPR costs, BPHTB, and AJB fees for qualified buyers.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Credit Union Keling Kumang: Indonesian credit union serving a community-based membership with savings, loans, and member welfare services. Comparable to K2BF's cooperative financial services model and member-owned governance structure.
• Koperasi Pegawai PT Telekomunikasi (Kopegtel): Employee cooperative for PT Telekomunikasi Indonesia employees, operating an analogous diversified multi-unit business model (retail, financial services, travel, catering) serving a captive SOE employee membership. Most direct structural analogue to K2BF's cooperative model.
• Amartha: Indonesian P2P lending platform focused on micro and small enterprise lending with a community-group model. Comparable to K2BF's Simpan Pinjam community lending model, though operates digitally and at much larger scale.
• Kospin Sejahtera: Indonesian savings and loans cooperative (Koperasi Simpan Pinjam) providing member-based financial services including deposits and credit. Closely aligned with K2BF's Simpan Pinjam unit in cooperative structure and Indonesian microfinance activity.

Broad incumbents

• Bank BTPN: Indonesian bank specializing in microfinance, mass-market lending, and employee/cooperative channel financing (BTPN WOW! and Purna Bakti segments). Overlaps with K2BF's SIPA microfinance target customer (employee and community segments).
• Pegadaian: Indonesian state-owned pawnshop and microfinance institution providing savings, credit, and gold-backed financial services to mass-market customers including employee segments. Comparable in microfinance service mix and Indonesian retail footprint, but operates as a much larger SOE.

Emerging players

• Funding Societies Indonesia (Modalku): Indonesian P2P lending platform serving SME borrowers with digital loan origination. Comparable to K2BF's lending arm in serving business borrowers, though focuses on broader SME market rather than employee members.
• Investree: Indonesian P2P lending marketplace connecting SME borrowers with retail lenders. Overlaps with K2BF's SIPA unit in providing access to credit for underserved borrower segments in Indonesia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/k2bf

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koperasi Karyawan PT Bio Farma (K2BF)