BRI Appointed To Be A Micro Housing Financing Distributor

By : Abraham Sihombing And Aldo Bella Putra | Wednesday, August 23 2017 - 20:05 IWST

51
51

INDUSTRY.co.id - Semarang - PT Bank Rakyat Indonesia Tbk (BBRI), or Bank BRI, is mandated by the government to become one of the financial services institutions in charge of channeling housing microfinance for non-permanent income communities.

Housing microfinance is a special scheme aimed at non-permanent income groups. The reason, this community group is not suitable to get financing through home mortgage scheme (KPR) as in general. This group is considered not appropriate to obtain housing finance involving large amounts of funds in the long term to decades.

Housing microfinance scheme is considered more appropriate because credit from financial service institutions gradually, starting the process of buying lots, foundation construction, to the construction of house structures and renovations.

In every stage of financing, the loan disbursed is set at a maximum of Rp50 million within a maximum period of 5 years.

The appointment of BRI as one of the financing institutions for housing microfinance is stipulated after signing a memorandum of understanding (MOU) with the Ministry of Public Works and People's Housing. MoU signing was done in Semarang, Wednesday (23/08/2017).

Besides BRI, the financial services institutions appointed to run this program are PT Bank Kesejahteraan Ekonomi, PT Pegadaian, and Yayasan Habitat Kemanusiaan Indonesia (YHKI).

The housing microfinance program is part of the One Million House development program launched by the government.

Until July 2017, according to the data of the Ministry of PUPR, the total houses that have been realized through the One Million House Program recorded as many as 449,702 housing units. In 2016, the realization is 805,169 units, while in 2015 as many as 699,770 units. (Abraham Sihombing)

News Comment

Today's Industry

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.