Loan for civil servants

Loan for civil servants

JAKARTA (JP): Bank Bumi Daya, a state-owned bank, and Bank
Kesejahteraan Ekonomi, will jointly provide housing credits for
members of Koperasi Pegawai Negeri (KPN), a cooperative of civil
servants.

Under an agreement signed here yesterday, the two banks will
provide a credit line of around Rp 70 billion (US$33.34 million)
to the cooperative, which will use the funds to finance housing
for its members.

Bank Bumi Daya president Iwan R. Prawiranata said that the
housing loans are available for KPN members in Central Java,
Yogyakarta, East Java and East Nusa Tenggara.

Sumitro Djojohadikusumo, the founder of the cooperative, said
that KPN, which boasts some four million members, will also sign
a similar agreement with the state-owned Bank Dagang Negara to
provide housing credits for the cooperative's members in West
Java, Sumatra, Sulawesi, Maluku and Irian Jaya. (hen)