Regulatory AlertsOJK Circular No. 1/SEOJK.06/2025 on Microfinance Institution Financial Reports
The Financial Services Authority (OJK) issued Circular No. 1/SEOJK.06/2025 to establish new requirements for the format, structure, and submission of Microfinance Institution (MFI) financial reports, replacing the previous 2015 regulation. The circular mandates that small-scale MFIs submit reports quarterly to local governments, while medium and large-scale MFIs must submit monthly reports directly to the OJK. It further specifies digital submission protocols, including offline alternatives for technical failures, and defines distinct reporting formats for conventional and Sharia-based MFIs.
Regulation / Regulation Search / Microfinance Institution Financial Reports
Sector: PVML
Sub-Sector: Microfinance Institutions
Type of Regulation: OJK Circular
Regulation Number: 1/SEOJK.06/2025
Effective Date: 1/23/2025
Appendix 1 SEOJK 1-SEOJK.06-2025 Microfinance Institution Financial Reports.pdf SEOJK 1-SEOJK06-2025 Microfinance Institution Financial Reports Abstract.pdf FAQ SEOJK 1-SEOJK.06-2025 Microfinance Institution Financial Reports.pdf
Page Content Circular of the Financial Services Authority Number 1/SEOJK.06/2025 concerning Microfinance Institution Financial Reports
Abstract: Provisions regarding the form, structure, and method of submission of Microfinance Institution (MFI) Financial Reports. Adjustment of provisions regarding the reporting period for financial reports based on MFI business scale, loan quality calculations, including other information for compliance supervision tools. The legal basis for this OJK Circular (SEOJK) is: POJK No. 41 of 2024.
Note: This OJK Circular takes effect on the date it was established, January 23, 2025. Upon the effective date of this OJK Circular, OJK Circular Number 29/SEOJK.05/2015 concerning Microfinance Institution Financial Reports is revoked and declared invalid.
Financial Reports to be submitted by MFIs consist of the financial position report, income statement, maximum loan interest rate or maximum financing yield report, and notes to the financial reports consisting of the MFI profile and detailed lists. For MFIs conducting business activities based on Sharia Principles and performing social functions, namely receiving and distributing social funds, in addition to the aforementioned reports, they must also submit reports on the sources and distribution of zakat and waqf funds, and reports on the sources and distribution of infaq and sadaqah funds.
Small-scale business MFIs are required to submit periodic Financial Reports every 3 (three) months for periods ending on March 31, June 30, September 30, and December 31 to the district/city local government, with a copy to the Financial Services Authority.
Medium-scale business MFIs and large-scale business MFIs are required to submit periodic Financial Reports monthly to the Financial Services Authority no later than the 10th (ten) day of the following month. The obligation to submit Financial Reports takes effect for the next reporting period, if: a. Small-scale business MFIs obtain a business license less than 3 (three) months before the reporting obligation; or b. Medium-scale business MFIs and large-scale business MFIs obtain a business license less than 1 (one) month before the reporting obligation.
Provisions regarding the method of submitting Financial Reports, namely: a. Submission of Financial Reports is submitted online through the Financial Services Authority's data communication network system; b. in the event that the Financial Services Authority's data communication network system is not available or experiences technical disturbances, MFIs must submit financial reports online via electronic mail to the Financial Services Authority accompanied by a cover letter signed by the Board of Directors that has been scanned; and c. in the event that the Financial Services Authority's data communication network system and electronic mail experience disturbances or MFIs are unable to submit online, the submission of financial reports is conducted offline.
Form and structure of Financial Reports: a. for MFIs conducting business activities conventionally, as contained in Appendix I which is an integral part of this OJK Circular; and b. for MFIs conducting their business activities based on Sharia Principles, as contained in Appendix II which is an integral part of this OJK Circular.