"ULAMM DATANG, MODAL GAMPANG"
In August 2008, PNM introduced an innovative capital loan service for micro and small businesses with direct financing for individuals and business entities through the Unit Layanan Modal Mikro (PNM ULaMM). PNM ULaMM is equipped with training, consulting services, assistance, and financial management support and market access for customers.
PNM ULaMM is a one-stop service outlet or "One Stop Shopping" for micro and small entrepreneurs, which is equipped with various technical support for borrowers. The aim is to help micro and small businesses continue to grow while accelerating the progress of their business.
WHY PNM ULAMM?
Distribution of PNM ULaMM Office that covers areas in Indonesia.
Served by officers who are professionals in their fields.
EASY INSTALLMENTS PAYMENT
With the latest technology that facilitates installment payments.
BUSINESS ASSISTANCE AND TRAINING PROVIDED
Not only business capital, customers are also guided to become entrepreneurs who are successful in developing their business.
PNM ULAMM SYARIAH
ULaMM is a channeling of financing conducted under the provisions of sharia principles based on fatwas and/or sharia conformity statements from the National Sharia Board of the Indonesian Ulema Council for MSME participants.
The principles of ULaMM Syariah transactions:
- Freedom to make contracts based on mutual agreement (tijaratan'an taradhin minkum) and the obligation to fulfill the contract (aqd)
- The existence of prohibition and avoidance of riba (interest), maysir (gambling) and gharar (obscurity)
- The existence of ethics in conducting transactions
- Documentation (agreement/written agreement) for non-cash transactions
Akad in ULaMM Syariah:
A written agreement between ULaMM Syariah and customers that contains the rights and obligations for each party under shariah principles.
The type of ULaMM Syariah financing uses murabaha contract, which is financing based on buying and selling by stating the acquisition price of goods and the profit margin agreed between the buyer and seller.
Reasons Why ULaMM Syariah?
Sources of funds are under Islamic regulations, which come from Islamic Banking, Islamic Bonds and other Islamic financial markets
SHARIAH BUSINESS FINANCE DISTRIBUTIONS
Distribution of financing only to Shariah businesses (halal businesses which not contain maysir, gharar, and usury)
ULaMM Syariah financing can be served in all ULaMM units, both Syariah and conventional units.