Pusat Investasi Pemerintah

What Pusat Investasi Pemerintah does

Pusat Investasi Pemerintah (PIP) is an Indonesian government Public Service Agency (Badan Layanan Umum / BLU) under the Ministry of Finance that operates as a coordinated fund for ultra-micro financing. Originally established in 2007 under PMK 52/PMK.01/2007, elevated to full BLU status in 2009, and reorganized under its current framework in PMK 91/PMK.01/2017, PIP was revitalized in July 2016 with the specific mandate to finance ultra-micro entrepreneurs excluded from the Kredit Usaha Rakyat (KUR) program. In 2015, its prior infrastructure financing mandate and assets were transferred to state-owned PT Sarana Multi Infrastruktur (SMI).

PIP's core product is Pembiayaan Ultra Mikro (UMi), offering financing up to Rp20 million per ultra-micro entrepreneur through Non-Bank Financial Institution (LKBB) channel partners — including PT Pegadaian, PT Permodalan Nasional Madani (PNM), PT Bahana Artha Ventura (BAV), Bank Syariah Indonesia, cooperatives, and BMTs — in both conventional and Sharia (wakalah, mudharabah, ijarah) variants. The expanded UMi Pro product extends the plafond to Rp100 million for productive enterprises in agriculture and the government's MBG meal program. Operations are supported by two proprietary digital systems: SIKP UMi (Sistem Informasi Kredit Program) for credit program management and partner integration via upload or host-to-host, and e-Proposal for digital partner onboarding.

As of 2024, PIP manages Rp10 trillion in Dana Kelolaan (funds under management), operates with a lean staff of 45, and reaches 510 of Indonesia's 514 kabupaten/kota through 39 direct LKBB distributors, 1 indirect distributor and 44 linkage institutions. PIP has served 5.3 million+ cumulative debtors since 2017 (Rp18+ trillion cumulative financing) and 745,653 debtors in semester I 2025 (Rp3.97 trillion disbursed), with 94% female recipients, NPL under 1% (2020), and Sharia at 45% of disbursements. PIP earns only 1.5% interest/margin from channel partners, which is fully reinvested into empowerment programs; the entity is not profit-oriented and is funded through the state budget (APBN).

Name

Pusat Investasi Pemerintah

Legal name

Pusat Investasi Pemerintah

Website

https://pip.kemenkeu.go.id

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Pusat Investasi Pemerintah (PIP) is an Indonesian government BLU under the Ministry of Finance that channels subsidized ultra-micro financing (up to Rp20M standard, Rp100M for UMi Pro) through 39+ LKBB channel partners — including Pegadaian, PNM, and BAV — to underserved micro entrepreneurs across 510 Indonesian cities.

Ownership category

akta.pro rank

Product category

Government Microfinance / Ultra-Micro Wholesale Financing

NAICS

Other Investment Pools and Funds (5259)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)

akta.pro industry

PRIMARYFSAKAGAB

SME Term Loans & Growth Capital

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

Keywords

• Ultra-micro financing
• Government credit funds
• Microfinance distribution
• Sharia micro lending
• Financial inclusion programs

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Ultra Micro (UMi) Financing - Conventional: PIP provides financing to ultra-micro entrepreneurs through Non-Bank Financial Institutions (LKBB) channel partners. PIP earns interest/margin income from its channel partners (1.5% interest rate mentioned for PIP's share), which is reinvested into empowerment programs and training for distributors and debtors rather than retained as profit. The organization operates as a Badan Layanan Umum (BLU) - Public Service Agency under the Ministry of Finance, funded primarily by the State Budget (APBN).
2. UMi Sharia Financing: Sharia-based ultra-micro financing using principles such as wakalah al murabahah, mudharabah, and ijarah. PIP works with Islamic financial institutions and cooperatives. The 1.5% interest received by PIP is reinvested into empowerment programs. As of May 2022, Sharia financing reached 45% of total disbursements.
3. UMi Pro Financing: Higher-plafond financing product (up to Rp100 million per debtor) for ultra-micro entrepreneurs, representing an expansion from the standard UMi product (max Rp20 million). Supports specific national priority programs such as agriculture and school meal programs (SPPG).

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

PIP manages revolving government funds that channel ultra-micro financing (pembiayaan ultra mikro) of up to Rp20 million per debtor through licensed Non-Bank Financial Institutions (LKBB) to underserved entrepreneurs excluded from the KUR program. It operates both conventional and Sharia-compliant financing variants, plus an expanded UMi Pro product with ceilings up to Rp100 million for priority sectors such as agriculture and the National School Meal Program.

Product overview

Pusat Investasi Pemerintah (PIP) operates as a coordinated fund (coordinating fund / BLU) under the Ministry of Finance of Indonesia, managing revolving funds focused on the ultra-micro segment with a maximum financing cap of Rp20 million per debtor. The organization delivers its primary mission through two core financing products: (1) Pembiayaan Ultra Mikro (UMi) — the main program providing loans up to Rp20 million through Non-Bank Financial Institutions (LKBB) with both conventional and Sharia financing mechanisms; and (2) UMi Pro — an expanded product with ceiling up to Rp100 million targeting productive sectors including agriculture and the Meal Nutritious Program (MBG). These financing products are supported by two key digital platforms: SIKP UMi (Sistem Informasi Kredit Program) — the credit management information system that distributor partners integrate with via upload or host-to-host connection; and e-Proposal — a digital submission tool that streamlines the application process for distributor partners. PIP also publishes Journey, a digital e-magazine covering institutional news and community stories. The organization partners with approximately 39 direct LKBB distributors, 1 indirect LKBB distributor, and 44 linkage institutions across 510 districts/cities in Indonesia, managing Rp10 trillion in funds (as of 2024) with 45 staff.

Differentiator

Problem solved

Functional benefit

Products and services

• Pembiayaan Ultra Mikro (UMi) Government-backed ultra-micro financing program managed by PIP under the Ministry of Finance, providing loans up to Rp20 million per debtor to underserved micro entrepreneurs through Non-Bank Financial Institution (LKBB) distributors. Offered in both conventional and Sharia-compliant (wakalah al-murabahah, mudharabah, ijarah) financing options for ultra-micro entrepreneurs who lack access to formal banking and the KUR program.
• UMi Pro Expanded ultra-micro financing product offering higher loan ceilings up to Rp100 million per debtor, targeted at productive micro enterprises in priority sectors such as agriculture and the construction of SPPG (Satuan Produksi Gizi) meal-production units for Islamic boarding schools under the National School Meal Program (MBG).
• Sistem Informasi Kredit Program (SIKP) UMi Centralized credit program information system used to manage and track ultra-micro financing disbursements, monitor partner distributor performance, and generate reports. Channel partners must integrate with SIKP UMi via file upload or host-to-host connection as a condition of becoming a PIP distributor.
• e-Proposal Digital application developed by PIP to streamline and simplify the proposal submission process for prospective channel partner distributors, enabling faster and more efficient processing of applications to become a PIP LKBB distributor.

Quantifiable outcome

• 745,653 debitur served with Rp3.97 trillion disbursed as of semester I 2025, covering 510 cities/regencies
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• Bank Syariah Indonesia (BSI)coreStrategic or Co-development Partner · 3 March 2026PIP collaborated with Bank Syariah Indonesia (BSI) for the UMKM Ramadhan Festival 2026, held across three cities in East Java (Probolinggo, Malang, Jember). BSI provides UMKM Center facilities for incubation and business matching, facilitating market access for UMi recipients. The collaboration combines PIP's financing with BSI's Islamic banking ecosystem.
• KSP Kopdit Swastiastu SingarajacoreChannel Partner/ Reseller/ Distributor · 28 February 2026KSP Kopdit Swastiastu Singaraja became the first cooperative in North Bali to become an official UMi financing distributor, receiving a Rp1 billion akad financing agreement from PIP. The partnership was signed on February 28, 2026 at the cooperative's headquarters in Singaraja, Buleleng, Bali, serving ultra-micro entrepreneurs in the North Bali region.
• Pemkot Surakarta (Solo)supportingStrategic or Co-development Partner · 19 February 2026PIP signed a Memorandum of Understanding with the Surakarta City Government to accelerate MSME growth in Surakarta. The partnership covers financing access, business development support, and potentially slum area development programs, supporting national priority agenda items.
• Kospin Jasa (Koperasi Simpan Pinjam Jasa)coreChannel Partner/ Reseller/ Distributor · 1 January 2026PIP partnered with Kospin Jasa for the distribution of Rp262.5 billion in UMi Pro financing to support 2,625+ micro entrepreneurs in Pekalongan and surrounding areas. The financing supports the development of micro enterprises and construction of SPPG (meal production units) for Islamic boarding schools, targeting PONPES (Islamic boarding school complexes).
• Badan Gizi Nasional (BGN)coreStrategic or Co-development Partner · 1 January 2025PIP, BGN, and Komite PPM signed a cooperation agreement to support the expansion of the Gratis Nutritious Meal Program (MBG - Makan Bergizi Gratis) through the UMi financing program. PIP provides financing for the construction of SPPG (food production units) at Islamic boarding schools (pesantren), while BGN oversees the meal program implementation. This partnership supports the national priority program targeting 1,000 SPPG in pesantren.
• Direktorat Pembiayaan Pertanian (Ministry of Agriculture)supportingStrategic or Co-development Partner · 1 January 2025Collaboration between PIP and the Directorate of Agricultural Financing to support national food self-sufficiency through UMi Pro financing. The partnership extends UMi financing up to Rp100 million for agricultural sector micro entrepreneurs, supporting smallholder farmers and food production.
• PT LKMS Mahirah Muamalah (BUMD Pemko Banda Aceh)coreChannel Partner/ Reseller/ Distributor · 3 June 2022PT LKMS Mahirah Muamalah is the first Regional-Owned Enterprise (BUMD) in Indonesia to become a Sharia UMi financing distributor, established by the Banda Aceh City Government in 2017. The partnership was formalized through a Memorandum of Understanding between PIP and Pemko Banda Aceh. As of May 2022, Mahirah Muamalah had served 4,422 debtors with Rp17.4 billion in financing.
• PT Jamkrida JakartasupportingStrategic or Co-development Partner · 28 March 2022PIP signed a Sharia guarantee agreement with PT Jamkrida Jakarta for the distribution of UMi financing through PT Usaha Pembiayaan Reliance Finance. Jamkrida Jakarta acts as the guarantor for the financing provided by PIP, helping to mitigate credit risk in the distribution process. The agreement covers a Rp30 billion financing facility.
• PT PegadaiancoreChannel Partner/ Reseller/ Distributor · 1 January 2022PT Pegadaian is a primary channel partner distributor for UMi financing. PIP provides wholesale financing to Pegadaian, which on-lends to ultra-micro entrepreneurs through its extensive branch network across Indonesia. PEGADAIAN serves as one of the largest LKBB distributors with nationwide reach, including branches in areas such as Pos Cikini, Jakarta Pusat.
• PT Permodalan Nasional Madani (PNM)coreChannel Partner/ Reseller/ Distributor · 1 January 2022PNM is a key channel partner for UMi financing, operating through its Mekaar program which serves primarily women ultra-micro entrepreneurs. PIP provides wholesale financing to PNM which on-lends to individual entrepreneurs. PNM has served over 13,800 micro entrepreneurs in locations like Banda Aceh, demonstrating its extensive reach into the target demographic.
• PT Bahana Artha Ventura (BAV)coreChannel Partner/ Reseller/ Distributor · 1 January 2022PT BAV serves as a channel partner distributor for UMi financing under PIP's coordinated fund model. BAV's branch at Jl. Kapten Tendean No. 34, Jakarta Selatan, is listed as a distribution point for PIP's ultra-micro financing products.
• Ministry of AgriculturesupportingStrategic or Co-development Partner · 1 January 2022PIP cooperates with the Ministry of Agriculture for data sharing on potential Non-Bank Financial Institutions (LKMA) and to support agricultural micro entrepreneurs through UMi financing. The cooperation involves identification of potential agricultural micro enterprises and provision of appropriate financing solutions.
• Ministry of Social AffairssupportingStrategic or Co-development Partner · 1 January 2022PIP collaborates with the Ministry of Social Affairs for data synergy on social assistance recipients. This enables identification of pre-prosperous individuals who can benefit from UMi financing as a bridge from social assistance to financial independence.
• Ministry of Villages and Disadvantaged Areas DevelopmentsupportingStrategic or Co-development Partner · 1 January 2022Partnership for expanding UMi financing reach into villages and disadvantaged areas, supporting the government's village fund and poverty alleviation programs through micro enterprise development.
• Ministry of Communication and InformaticssupportingStrategic or Co-development Partner · 1 January 2022Collaboration on digital literacy and financial technology access for UMi recipients, supporting the broader goal of digital inclusion for micro entrepreneurs.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• PT Sarana Multi Infrastruktur (SMI): Sister SOE under the Ministry of Finance that absorbed PIP's prior infrastructure mandate in 2015. Functions as a comparable government finance intermediary (BLU) and provides a structural reference for how PIP's mandate and balance sheet could be reallocated in future.
• Bank Syariah Indonesia (BSI): Indonesia's largest Islamic bank and a strategic PIP partner for events, UMKM incubation, and Sharia distribution. While BSI is much larger and broader in scope, it competes for the same Sharia microfinance segment that drives 45% of PIP's disbursements.
• KUR (Kredit Usaha Rakyat) Program: Indonesia's flagship MSME credit program under the Ministry of Finance. Operates as the adjacent tier in the financing funnel (above UMi), targets similar demographic, and is explicitly referenced as PIP's graduation pathway.

Direct peers

• PT Pegadaian: A state-owned pawnshop and primary PIP channel partner with nationwide outlets lending to the unbanked and underbanked. Functions as one of PIP's largest LKBB distributors and operates a directly comparable mission of serving small/micro borrowers excluded from formal banks.
• PT Permodalan Nasional Madani (PNM): A direct channel partner of PIP and Indonesia's largest microfinance SOE, operating the Mekaar program that reaches over 13,800 women micro-entrepreneurs per branch. PNM is the closest functional peer in terms of mission (ultra-micro finance for women) and serves as both a partner and a potential comparator for PIP's lending scale.
• Lembaga Pengelola Dana Bergulir (LPDB) Koperasi & UMKM: Government revolving fund agency under the Ministry of Cooperatives that channels financing to cooperatives and MSMEs at concessional rates—directly comparable to PIP's coordinated-fund model and ultra-micro target segment.
• PT BMT (Baitul Maal wat Tamwil) network operators: Indonesia's Islamic community microfinance institutions, several of which (e.g., BMT Sidogiri) are PIP channel partners. Operate at the exact grassroots level PIP targets and represent the bottom-rung institutional comparable for Sharia micro-credit distribution.
• PT Bahana Artha Ventura (BAV): An SOE venture capital company and PIP channel partner providing micro financing through the UMi program. Operates in the same micro/ultra-micro financing niche and shares a state-owned parentage (Ministry of Finance ecosystem) with PIP.

Emerging players

• Investree (PT Investree Radhika Jaya): A leading Indonesian P2P fintech platform serving MSMEs and ultra-micro borrowers. Represents the digital-native competitor that increasingly challenges PIP's traditional channel-partner distribution model with faster onboarding for the same end-borrower segment.

Regional players

• KSPPS (Koperasi Simpan Pinjam dan Pembiayaan Syariah): Sharia cooperatives (KSPPS/KSPS) that serve as PIP channel partners for ultra-micro Sharia distribution (e.g., Kospin Jasa Rp262.5B, KSP Kopdit Swastiastu). Together they form the granular grassroots distribution layer comparable to the bottom of PIP's funnel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pipkemenkeu
• YouTubeyoutube.com/c/pusatinvestasipemerintah
• Facebookfacebook.com/kemenkeu.pip
• Instagraminstagram.com/pusatinvestasipemerintah
• LinkedInlinkedin.com/company/pusat-investasi-pemerintah

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Pusat Investasi Pemerintah