“Permodalan Nasional Madani (PNM) and Sarana Multigriya Finansial (SMF) offer new hope so that women no longer need to borrow from loan sharks whose interest rates are extremely burdensome. I have personally witnessed how both institutions serve as real solutions for the lower-income population,” Maruarar said in a statement in Jakarta on Friday.
He explained that institutions such as SMF and PNM play a strategic role in providing healthy and sustainable financing access for low-income communities.
Such schemes are expected to promote economic independence and strengthen the financial resilience of low-income families.
Maruarar also expressed his appreciation for banks that help expand public access to decent housing through the Housing People’s Business Credit (KUR Perumahan) program and the Housing Financing Liquidity Facility (FLPP).
The Ministry of Housing and Settlement Areas (PKP) remains committed to strengthening micro-housing financing programs to ensure the availability of adequate, healthy, and affordable housing for low-income families.
Secretary General of the Ministry, Didyk Choiroel, said the government has provided various financing facilities, including FLPP, subsidies, and microfinancing through PT PNM and PT SMF, to assist residents in renovating their homes.
He added that public outreach on government programs should continue to be expanded so that people better understand the various benefits and conveniences provided by the state to support housing welfare.
PNM has partnered with SMF through the Mekaar Home program to provide micro-housing financing, particularly for home renovation projects that also function as business spaces for Mekaar clients.
The program aims to improve clients’ welfare by offering decent housing that supports business productivity while contributing to the country’s broader economic recovery.
PNM is a state-owned enterprise that focuses on providing micro and small financing for micro, small, and medium enterprises (MSMEs). SMF, on the other hand, is a state-owned enterprise tasked with facilitating secondary housing financing by channeling funds from the capital market to the housing sector.
Both institutions often collaborate to expand access to decent and affordable housing financing, particularly for communities with limited income.
Their partnership supports the government’s mission to promote inclusive economic growth through sustainable financial solutions.
Indonesia’s national housing program includes the Three Million Houses Program, which aims to provide decent and affordable housing for low-income communities.
The initiative is supported by several schemes, such as the Housing Financing Liquidity Facility (FLPP) subsidized mortgage, the Down Payment Assistance Subsidy (SBUM), and the Public Housing Savings Program (Tapera).
The government has also introduced special programs, including the Special Housing initiative for vulnerable groups and disaster-affected communities, as well as the KUR Perumahan program, which offers low-interest loans for MSMEs in the housing sector.
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Translator: Primayanti
Editor: Arie Novarina
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