PT Bank Tabungan Negara (Persero) Tbk (BTN) has disbursed a\ncumulative total of Rp7.4 trillion in Housing Program Credit (KPP) since\nthe programme\u2019s launch, consisting of Rp5.4 trillion for the supply side\nand Rp2.0 trillion for the demand side.<\/p>\n
According to the company, these two schemes ensure that financing\nreaches both the housing provision sector and productive communities in\nneed of housing finance support.<\/p>\n
\u201cWe have collaborated extensively with MSMEs, including developers,\nbuilding material stores, and contractors (supply side distribution).\nAdditionally, we have several existing customers who are entrepreneurs\non the KPP demand side,\u201d said BTN Corporate Banking Director Helmy\nAfrisa following a KPP Socialisation event at Menara BTN, Jakarta, on\nFriday.<\/p>\n
For reference, KPP supply can be utilised by developers, contractors,\nand building material traders with a credit ceiling of up to Rp5\nbillion. Meanwhile, KPP demand provides financing of up to Rp500 million\nfor individual MSMEs to purchase, build, or renovate houses to support\nbusiness activities.<\/p>\n
Helmy noted that the potential for KPP growth remains vast. In the\nJakarta and surrounding areas, BTN recorded 353 enquiries with a total\nceiling of Rp424.944 billion, comprising 57 KPP supply enquiries worth\nRp288.970 billion and 296 KPP demand enquiries worth Rp135.974\nbillion.<\/p>\n
He stated that the high level of interest demonstrates that the need\nfor housing finance comes from various sectors. The company will\ncontinue to strengthen collaborations with the government, developers,\ncontractors, building material stores, and MSME players to ensure the\nbenefits of KPP reach more people.<\/p>\n
Helmy added that strengthening KPP is part of BTN\u2019s efforts to\nleverage the housing ecosystem built by the company to create a broader\neconomic impact.<\/p>\n
\u201cFor productive communities, a house is not just a place to live, but\ncan also serve as a place of business and an asset that supports\nincreased family income. Therefore, we want housing finance to\ncontribute to creating business activities, increasing productivity, and\ndriving community welfare,\u201d said Helmy.<\/p>\n
Meanwhile, the Minister of Housing and Residential Areas (PKP),\nMaruarar Sirait, appreciated the implementation of KPP, which is seen as\nan instrument to encourage MSMEs within the housing ecosystem to advance\ntheir business scale.<\/p>\n
\u201cThe benefits of this programme are extraordinary. From the supply\nside, the interest subsidy is very helpful. Hopefully, as intended,\nMSMEs\u2014whether contractors, developers, or building material stores\u2014can\nmove up to the next level,\u201d he said.<\/p>\n
Maruarar noted that although KPP is relatively new, the response to\nthe programme has been very positive. High absorption rates have driven\nan increase in the national KPP quota from Rp36 trillion to Rp50\ntrillion. He specifically highlighted BTN\u2019s position in KPP supply\ndistribution.<\/p>\n
\u201cThe programme may be new, not yet a year old, but the response has\nbeen very positive. Absorption is very high, which is why the quota was\nincreased from Rp36 trillion to Rp50 trillion. On the supply side, BTN\nis the highest,\u201d said Maruarar.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/btn-housing-program-credit-disbursement-reaches-rp7-4-trillion-since-launch-1789139621", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }