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KBLI Navigator/Section K/64194
KBLI 64194★ Gold-Tier Intel

Sharia Non-Bank Microfinance

Pembiayaan Mikro Syariah Nonperbankan

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskAggregated🏝️✅Registrable in Bali· medium conf.✓OSS-verified · KBLI 2025

Sharia Microfinance, with a Wider Mandate Than Lending

This activity covers non-bank sharia microfinance that combines micro-scale funding, savings management, business development and community empowerment.

By the numbers
Foreign-ownership ceiling
100%
Open business scales
Mikro, Kecil, Menengah, Besar
National investment source
Perpres 10/2021, 49/2021
Bali PMA status
Registrable in Bali
This is sharia microfinance with a community-development mandate, not financing in isolation.
Licensing & Requirements

What You Need

Risk LevelHigh (Tinggi)
License TypeNIB + Izin
Processing3 working days
Foreign Ownership100% Open
AuthorityBKPM / OSS
PP28/2025 Licensing Data4 scales
Business scale:
MikroHigh RiskNIB + Izin⏱ 3 HariFiktif Positif
Requirements (Indonesian)2
1Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan
2Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan
Post-License Obligations2
Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan
Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

Modal minimum by geographic category (per OJK POJK 5/2015 and updates)

PHASE 1 — OSS / NIB

PHASE 2 — OJK BPR License (12–24 months)

1
Principle Approval (Izin Prinsip)— initial OJK application showing founding shareholders, business plan, location; OJK evaluates feasibility (~3–6 months)
2
Company incorporation— PT PMDN / CV / Perorangan (local, WNI) — notary deed, AHU registration
3
Capital injection— fully paid up in escrow; evidence submitted to OJK
4
Physical premises— OJK inspects the proposed office location; BPR cannot operate from virtual office
5
Core Banking System— OJK evaluates IT infrastructure; CBS must meet OJK POJK 75/2016 standards
6
Director/Commissioner Fit & Proper— OJK personally vets each director and commissioner
7
Izin Usaha OJK— issued after all stages clear; only then can BPR open to the public
8
OJK ongoing supervision— monthly financial reporting; annual audit by OJK-accredited auditor; Capital Adequacy Ratio (CAR) minimum 12%; NPL must not exceed 5%

Geographic operational limit

BPRS (Syariah) variant

Typical full timeline

2020 → 2025

Direct match from KBLI 2020. BPR was significantly restructured by **UU 4/2023 (P2SK Law)** which renamed BPR to 'Bank Perekonomian Rakyat' (keeping the same BPR acronym) and expanded the BPR product scope slightly. Key change: BPRs may now offer additional savings products and certain remittance services. The 40% foreign ownership cap is unchanged. OJK transferred BPR supervision fully from BI to OJK, which was completed in 2023.

Bali Intelligence

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi

45 in category
1211Bank DirectorDirektur Bank
2413Credit OfficerPejabat Kredit
2412Compliance OfficerPejabat Kepatuhan
2413Risk ManagerManajer Risiko
1211Finance ManagerManajer Keuangan
2411Internal AuditorAuditor Internal

Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test is mandatory for all directors and commissioners of BPR.

KEDUA Provision — Directors & Commissioners Exemption
Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.
Complementary Codes

Sources & Verification

Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
OSS RBA risk scope (ruang lingkup)VerifiedKBLI 2025

Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.

locator: OSS_RBA_resiko_2025

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

Conservative posture derived from the risk tier · confidence MEDIUM.

Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.

Common Questions
Can foreigners operate a sharia non-bank microfinance business in Indonesia?
Yes. KBLI 64194 (Pembiayaan Mikro Syariah Nonperbankan) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
What license is required for KBLI 64194?
KBLI 64194 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3 Hari.
What is KBLI 64194?
KBLI 64194 is the Indonesian business classification code for "Pembiayaan Mikro Syariah Nonperbankan" (Sharia Non-Bank Microfinance). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 64194 change from KBLI 2020 to 2025?
KBLI 64194 was mapped from previous codes 64144, 64146, 64147, 64145, 64148 (KBLI 2020). Multiple 2020 codes were merged into this single 2025 code. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

64199Section K

Other Monetary Intermediation

Perantara Moneter Lainnya Ytdl

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64193Section K

Conventional Non-Bank Microfinance

Pembiayaan Mikro Konvensional Nonperbankan

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64192Section K

Sharia Cooperative Lending

Aktivitas Pemberian Kredit oleh Koperasi Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64191Section K

Conventional Cooperative Lending

Aktivitas Pemberian Kredit oleh Koperasi Konvensional

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64124Section K

Other Sharia Banking

Perbankan Syariah Lainnya

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64123Section K

Other Conventional Banking

Perbankan Konvensional Lainnya

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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Context64194
Rural bank (BPR) in Bali? 64194 is TERBATAS — maximum 40% foreign, minimum 60% Indonesian. The OJK license takes 18–30 months and minimum capital is IDR 6–16B depending on location. The Gianyar craftsmen and east Bali UMKM micro-lending niche is real. Let me walk you through the Izin Prinsip process and what your Indonesian co-founder structure needs to look like.