TABANAN, OborDewata.com – The Financial Services Authority (Otoritas Jasa Keuangan – OJK) of Bali Province continues its commitment to bolstering the regional economy by facilitating a cooperation agreement for the development of the cocoa commodity in Tabanan Regency.
The cooperation agreement for cocoa development was signed between a local bank, PT Bank Pembangunan Daerah (BPD) Bali, a local insurance company, PT Jamkrida Bali Mandara, a local cooperative, Koperasi Manik Amerta Buana as the off-taker, and three farmer groups: Kelompok Tani Kakao Mesari, Lembung Sari, and Subak Abian Waru. The signing took place at the Tabanan Regency Agricultural Training Center on Tuesday, September 30.
The initiative was made possible with the support of the Financial Services Authority (Otoritas Jasa Keuangan – OJK) of Bali Province and the Regional Financial Access Acceleration Team (Tim Percepatan Akses Keuangan Daerah – TPKAD) of Tabanan Regency. This agreement underscores a shared commitment to developing the regional economy, focusing on cocoa as a leading commodity in Tabanan.
The Head of the Financial Services Authority (Otoritas Jasa Keuangan – OJK) of Bali Province, Kristrianti Puji Rahayu, explained that the regional economic development program will foster a healthy business ecosystem, benefiting both the financial services industry (Industri Jasa Keuangan – IJK) and cocoa farmers in Tabanan. She highlighted that this will be achieved through downstreaming processes, guaranteed off-taker availability, commitment to providing financial access, and farmer assistance.
“The Financial Services Authority (Otoritas Jasa Keuangan – OJK) of Bali Province orchestrated this collaboration as part of the Priority Sector Credit/Financing Program (Kredit Prioritas Sektor Pertanian – KPSP) for Agriculture. This model can also be replicated independently by the Agriculture Agency through the Regional Financial Access Acceleration Team (Tim Percepatan Akses Keuangan Daerah – TPKAD), including the development of other leading commodities in the agricultural sector, not just cocoa,” stated Kristrianti Puji Rahayu.
The Head of the Agriculture Agency of Tabanan Regency, through the Head of Plantation Division, I Gusti Ayu Sintha, emphasized that capital is a crucial and much-needed factor for Tabanan’s cocoa farmers. Access to capital allows farmers to enhance the quality and productivity of their agricultural output, simultaneously supporting the local government’s program to improve farmer welfare.
The signing ceremony was attended by key figures, including the Head of Plantation Division of the Agriculture Agency of Tabanan Regency, Gusti Ayu Shinta Oktaviani, the President Director of PT Jamkrida Bali Mandara, I Ketut Widiana Karya, the Head of Retail and Consumer Credit Division of PT BPD Bali, I Gede Sukanada, the Branch Manager of BPD Tabanan, Made Adi Indra, and the Head of Asuransi Central Asia (ACA), Pujo Pamungkas. Additionally, 30 members of local farmer groups were present.
Bali Province’s cocoa plantations cover land with the size of 13,452 hectares. In Tabanan Regency, cocoa cultivation is spread across 10 districts, totaling 4,530 hectares. The data of Indonesia’s Central Statistics Agency (Badan Pusat Statistik – BPS) for 2024 indicates that Tabanan has the second-largest cocoa acreage in Bali, after Jembrana Regency. Tabanan’s cocoa production reached 937 tons, or 19.46 percent of Bali’s total production of 4,815 tons in 2024.
Regarding financial inclusion, credit disbursement to Bali’s cocoa plantation sub-sector reached IDR6.6 billion as of August 2025, with the non-performing loan (NPL) ratio remaining under 1 percent. A similar Regional Economic Development (Pengembangan Ekonomi Daerah – PED) program for the cocoa community was implemented in Jembrana Regency in 2024, facilitating IDR1.39 billion in financing for cocoa farmers.
The Financial Services Authority (Otoritas Jasa Keuangan – OJK) of Bali Province remains committed to synergizing with regional governments through the Regional Financial Access Acceleration Team (Tim Percepatan Akses Keuangan Daerah – TPKAD) to boost financial literacy and inclusion. This is expected to drive the regional economy by developing each area’s leading economic potential and ultimately achieving a more prosperous society. mas/pril
