Denpasar \u2014 Housing and Settlement Minister Maruarar Sirait has urged\nSMEs in Bali to promptly utilise the government\u2019s Kredit Program\nPerumahan (KPP), a housing credit programme distributed through banks,\nto drive economic growth.<\/p>\n
\u201cIn Bali, I am confident there are tens of thousands of SMEs\noperating shops and stalls\u2014please make the best use of this programme so\nthe economy moves and grows. Growth is already good, so let\u2019s make it\nleap further,\u201d Sirait said whilst attending a KPP socialisation event by\nBank Mandiri in Denpasar on Monday.<\/p>\n
Sirait, commonly known as Ara, reminded attendees that the government\nhas allocated IDR 130 trillion for the KPP or housing credit scheme. He\nhopes the budget will be absorbed by Bali\u2019s SMEs, particularly given\nthat borrowers can access loans up to IDR 20 billion with 5 per cent\nsubsidised interest rates.<\/p>\n
This would allow people to build business premises or residences to\nsupport their enterprises and enable them to move up in economic class,\nhe added.<\/p>\n
\u201cFor example, if you borrow IDR 110 million from a bank with 5 per\ncent subsidy, you only pay IDR 60 million. This is an extraordinary\nprogramme, and I hope Bali\u2019s people, especially SMEs, can benefit from\nit. Moreover, for loans below IDR 100 million, no collateral is\nrequired, and the interest rate is just 6 per cent per annum, so there\nwill be no more loan sharks,\u201d he said.<\/p>\n
Beyond SMEs, Sirait also called on banks cooperating with the\ngovernment to help as many citizens as possible build homes or business\npremises. He challenged the banks to break records in distributing KPP\nto SMEs.<\/p>\n
\u201cSo there is healthy competition among these banks\u2014competition to\nserve the common people, to help SMEs, to help the nation. Do not let\ncredit only go to conglomerates; also give it to the ordinary people.\nThat is what the President says,\u201d he stated.<\/p>\n
Bank Mandiri Deputy President Henry Panjaitan expressed the bank\u2019s\ncommitment to supporting the government in distributing KPP to SMEs,\nparticularly business operators in the housing ecosystem such as\ndevelopers, contractors, and building suppliers to access affordable\ncapital.<\/p>\n
\u201cThe KPP being socialised today not only opens financing access for\nthe public but also creates business opportunities for SMEs across\nvarious sectors\u2014everyone gets the space to grow and develop,\u201d he\nsaid.<\/p>\n
Panjaitan noted that Mandiri\u2019s KPP ceiling for 2026 stands at IDR 1.5\ntrillion, a 328.6 per cent increase from 2025\u2019s IDR 350 billion. For\n2026, Bank Mandiri has an allocation of IDR 500 billion, of which IDR\n169.7 billion had been disbursed by mid-March, with a target of IDR 419\nbillion disbursed by month\u2019s end.<\/p>\n
For Bali specifically, Panjaitan said Bank Mandiri has a supply-side\nallocation of IDR 25 billion with IDR 7.5 billion disbursed to Monday,\nand a demand-side allocation of IDR 120 billion with IDR 33 billion\ndisbursed by the same period.<\/p>\n
\u201cGoing forward, we will continue to synergise, collaborate, and\nsupport government initiatives and programmes, particularly from the\nHousing and Settlement Ministry, so they can run successfully,\u201d\nPanjaitan said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/housing-and-settlement-minister-urges-bali-smes-to-utilise-government-housing-credit-programme-for-economic-1773676382", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }