How do you guys invest?

atlantis

Administrator
Moderator
Cager
Joined
Jul 13, 2016
Messages
2,370
About BPR; that is rural. Which is an explanation why you'd not find so many in Jakarta. I don't think anybody can mention three by heart, let alone make a top 5.
The only thing speciafically rural they have is perhaps the name given in its English translation which is most often "rural bank". BPR means Bank Perkreditan Rakyat and a more exact translation should be perhaps People's Credit Bank.

BPRs are found in both cities and kampungs. In fact I don't think that any Kota in Indonesia doesn't have at least a few of them and I am reasonably certain that their volume of activity is far superior in kotas than it is in the kabupatens.

Bank Perkreditan Rakyat are known to serve micro, small and medium sized entrepreneurs, many of them, if not a majority, being located in the cities. With tens of thousands of small entrepeneurs/shop owners in JKT, BPRs have a large market to target.
 

jstar

Mr. 10,000
Joined
Jul 31, 2016
Messages
4,121
^
okay, small challenge; give me three that are open for business, ah no, just two in Kelapa Gading. And to make it easy, expand it to the whole of JakUt. That covers approx. 2 million inhabitants.

Not so easy right? They are very hard to find and those that exist are closed half of the time so you’re there for a closed door and they never pick up the phone.

I have been looking around for years and gave up in JKT with that lousy availability. Also, those that respond are much more interested in providing loans. That really is a phenomenon outside of the Kotas and somewhat in the outskirts.

NB: yes of course I checked the few that do have a website first. En the one mentioned underneath ⬇ really sucked... In the big city they are completely pushed aside by the stiff competition of the amazing amount of commercial banks. But I'll leave it at this to avoid a yes/no game, people can try and make up their own mind.
 
Last edited:

atlantis

Administrator
Moderator
Cager
Joined
Jul 13, 2016
Messages
2,370
Not so easy right? They are very hard to find and those that exist are closed half of the time so you’re there for a closed door and they never pick up the phone.
First google link that I picked;
http://bprsum.co.id/2017/08/11/a16/
I called the Kantor pusat (021 42873031) in Cempaka putih, got an (horrible) voice mail asking me to wait then after something like 20 seconds someone picked the phone. Nice lady.

Casual talk, I try my best to mask my manadonese way of speaking. I say that I have 200 jt to invest in a term deposit, she informs me that it is no problem and that I just need to open a rekening and that they pay 7,5%. Is that possible to have a better rate? I have to come in person to discuss it. She gives me her WA (I can give it to anyone willing to continue the discussion). They are open today and are open tomorrow. I didn't ask if they are open everyday but honestly I think it would be a stupid question to ask.

Was I lucky that on my single pick I get a positive answer and all information I needed? Were you unlucky for having spend years looking for a BPR and not finding any? For me it's pointless to discuss the matter further. I have friends living in cities such as Makasar, Bandung, Tangerang, Denpasar and Jogja who I know are banking with BPRs. I admit that I have none in Jakarta but they are mainly acquaintances rather than friends so I don't really discuss banking matters with them. However, the single try I did minutes ago have me thinking that it shouldn't be difficult to find one.
 

atlantis

Administrator
Moderator
Cager
Joined
Jul 13, 2016
Messages
2,370
What people have to understand is that BPR are absolutely not for one's everyday banking needs. If one is looking for the range of service a commercial bank offers, packed in a BPR one has just misunderstood what a BPR is. They are just for investing money one doesn't need for a certain period of time and get in return a decent interest rate, far above any proposal a commercial bank would do. Period. Don't expect a fancy thing and no need to wear your best tuxedo when you visit them.

In fact, I use BPRs as a "retreat plan". I have put money there so that the amount of interest paid allows me to live decently, without having to change much of my standard of life, the day I wouldn't be able to produce any income from my work. It's perhaps also why the BPR I deal with are nice with me. There is 15 years they have my money and they know they will keep it probably till I die.

I said earlier that I am an old school boy and like to have cash rather than electronic money. That's me and I like the CS officer of the BPR coming to visit us with the cash of interests every now and then.

Having three kids and a wife, the CS officer is pretty busy coming with birthdays et al anyway. So better that they don't just come bringing an ugly cake or a carton of apples or oranges and bring me a wad of cash at the same time. :D

But if I would want to, the BPR could automatically transfer the interest in any bank account of any public bank I would name them. So really if I would be living in Kemang and that my BPR would be in Cempaka putih or Mangga dua I wouldn't give a damn f**k about it because I wouldn't have to go there more than once a year... or less. Jeez, I can't even recall when was the last time I have visited any of the two I deal with.
 

Wisnu

Well-Known Member
Charter Member
Joined
Aug 8, 2016
Messages
378
very interesting information about BPR. I never realized it - neither my "boss", so far she more into properties (sucks!!), currency (not bad), stocks (okay, play safe) and mutual funds as recommended by our account manager.
will ask her to look it
 

harryopal

Well-Known Member
Charter Member
Joined
Aug 4, 2016
Messages
736
Each to his own but using the terms "investing" and "bet" as synomous sounds like a step away from problem gambling. I guess all investing is gambling but betting on sports? There seem to be heaps of gambling websites and Casinos and the owner investors rely on people losing money not making money. Did I miss something?
 
Joined
Nov 27, 2019
Messages
92
Each to his own but using the terms "investing" and "bet" as synomous sounds like a step away from problem gambling. I guess all investing is gambling but betting on sports? There seem to be heaps of gambling websites and Casinos and the owner investors rely on people losing money not making money. Did I miss something?
Since it was his first post in this forum (and also his only so far), I believe it was just advertisement for that website ;)
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Follow Us

Latest Expat Indo Articles

Latest Activity

New posts Latest threads

Latest Tweets by Expat Indo

Online Now

Newest Members

Forum Statistics

Threads
4,219
Messages
63,953
Members
1,675
Latest member
BATAM KEITH
Top Bottom