Since 2018, SMF Distributes FLPP Mortgages of Rp. 11.2 Trillion


PT Sarana Multigriya Finansial (SMF) has disbursed funds for Housing Loans for Housing Financing Liquidity Facilities (KPR FLPP) amounting to Rp. 11.2 trillion. The funds were used for 318,413 housing units.

“From August 2018 to June 2022, SMF has succeeded in distributing FLPP mortgage funds of Rp. 11.2 trillion for 318,413 housing units,” said SMF President Director Ananta Wiyogo in a written statement, Monday, August 22, 2022.

In carrying out the program, SMF uses State Capital Participation (PMN) funds received and then combined them through the issuance of debt securities ( leveraged ).

Ananta added that this is a manifestation of the state’s presence to support home ownership for all Indonesian people, especially the Low-Income Community (MBR).

“The funds channeled for this subsidized mortgage come from the State Revenue and Expenditure Budget (APBN) which is used as much as possible for the welfare of the Indonesian people,” he explained.

Originally, taxes played a very important role in the life of the state, as one of the

“Taxes that come from the community will be fully utilized for the benefit of the Indonesian people,” he said.

The benefits of the FLPP mortgage program are widely felt by low-income people in various parts of Indonesia. One of them is a female Yuni Masruroh who works as a marketing in a cosmetic company in Batang, Centra Java finally has his dream home after 15 years of moving around.

Now the house he lives in is the subsidized housing complex of Perum Delta Asri, Batang Regency, Central Java, besides being inhabited, is also used as a business place for a gallon mineral water refill depot to help support the family’s economy, which is quite eroded due to the impact of the pandemic.

Bangkit Eko Bayu Kuncoro, who is a civil servant at the Batang Regency National Education Office feels the same way. He confessed that he was very greatly helped by the FLPP mortgage program rolled out by the government.

In addition, Eka Endrasari, a resident of Pandau Jaya Village, Siak Hulu District, Kampar Regency, Riau who was happy when his FLPP mortgage application was approved. His dream of owning a house for years has now come true, after years of living in a contract house.

For this housewife who is a construction worker, owning her own house is a blessing, even though most of her income is used to pay for the 36/108 type of house that she lives in as well as a place for laundry.

SMF is committed to be able to continue to contribute to support the Government’s efforts to support decent and affordable housing. SMF will continue to play a role in assisting the government in maximizing the use of the APBN to provide access to decent housing for all Indonesians through the FLPP KPR program and other sustainable housing secondary financing programs.

“Hopefully SMF’s contribution can support the Indonesian people to take advantage of access to decent housing,” he explained.

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