Indonesia provides over $1.7 billion in housing credit
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Sri Haryati, Director General of Urban Housing at the PKP Ministry, announced that Indonesia disbursed Rp25.8 trillion (about $1.7 billion USD) in housing credit to 110,582 borrowers.
This financing supported both the supply side of the housing sector, developers, building material traders, and contractors, and demand from micro, small, and medium enterprises (MSMEs). Borrowers used the funds for home renovations, purchases, and new construction, enabling them to support their business activities.
Bank Rakyat Indonesia (BRI) distributed the largest share of the credit, totaling Rp12.3 trillion, reaching 83,211 borrowers. Central Java received the most funding by region, at Rp5.9 trillion for 31,481 borrowers, followed by East Java. Minister Maruarar Sirait explained that this program is part of a broader effort to expand access to housing beyond government funding.
The government plans to raise the credit ceiling for 2026 to Rp50 trillion, anticipating continued growth in the program and its benefits to the public and businesses.
