Bank Mandiri Accelerates Housing Program through KPP Socialization

Strategic Collaboration with Government

Bank Mandiri has reaffirmed its commitment as a strategic partner to the Indonesian government in accelerating national housing development through the 3 Million Homes Program outlined in the 2025-2029 RPJMN. This commitment was demonstrated through a KPP socialization event held in Tangerang, attended by over 875 participants from the housing industry. The event brought together more than 315 business players from the supply side, including developers, contractors, and building material suppliers, as well as over 260 micro-enterprises from the demand side who were potential users of KPP financing.

Key Features of KPP Financing

The KPP program, regulated under Permenko No. 13/2025 and Permen PKP No. 13/2025, functions as working capital or investment credit that can be utilized by businesses and individuals in the housing sector. The program is designed to be inclusive, catering to various segments of the housing market:

• Micro enterprises: up to Rp1 billion in capital
• Small enterprises: up to Rp5 billion
• Medium enterprises: up to Rp10 billion

The financing is available for various housing-related activities including purchasing, building, or renovating homes that also serve as business premises.

Eligibility and Application

To be eligible for KPP, applicants must meet certain criteria, including being Indonesian citizens or legal entities, having a productive business operating for at least six months, possessing NPWP and NIB, and having no negative credit history. Applicants should not be currently receiving KUR or other KPP financing, although they may have commercial loans provided they are in good standing. The primary collateral for KPP is the object being financed, with the possibility of additional collateral as per the lender's requirements.

Bank Mandiri's Role in Housing Development

Henry Panjaitan, Deputy President Director of Bank Mandiri, emphasized that the bank's support for KPP distribution is part of its strategic efforts to strengthen the housing sector in an inclusive and sustainable manner. The program not only supports construction players and developers but also empowers MSMEs across various regions. By collaborating closely with the government, Bank Mandiri aims to expand employment opportunities, enhance human resource quality, and strengthen national competitiveness towards the vision of Indonesia Emas 2045.

Conclusion

The KPP socialization event in Tangerang marks a significant step in Bank Mandiri's ongoing efforts to support the government's ambitious housing program. By providing targeted financing solutions and fostering collaboration between various stakeholders in the housing sector, Bank Mandiri is playing a crucial role in advancing Indonesia's housing development goals.