Analysis of Profitability Calculation and Stress Test Method Applied in Kredit Usaha Rakyat (KUR) Products

Kredit Usaha Rakyat (KUR) is a government program that provides working capital credit, financing, and/or investment to productive and viable business debtors who do not have additional collateral or have insufficient additional collateral. A guarantee company is a legal entity that operates in the financial sector and specializes in guaranteeing. The purpose of this study is to analyze the results of profitability calculations and stress test methods for KUR products. Profitability is used to measure or calculate a company's profit. The conventional method is used to calculate profitability. The data used is secondary data obtained from the company's website, specifically historical KUR data for the company from 2015 - 2022 and KUR volume target data. Besides that, it is important for the company to be able to anticipate the negative outcomes. One of the calculation techniques used to anticipate the risks that will occur is the stress test method. Stress testing is required as a fundamental component of risk management to monitor the company's performance and financial health in order for it to continue to grow while avoiding losses. The assumptions of the default rate or future claims are 50%, 100%, and 200% (the smallest, middle, and highest values). If a product still has a positive value, it is considered good because it can grow under adverse conditions. The stress test yielded a profit or positive value of Rp 16,840,000 for a 50% increase and a loss of Rp54,165,000 and Rpl96,173,000 for 100% and 200% increases, respectively.