The Need for Funds is Swelling, SMF Reveals It Has Issued Additional Debt Letters

SURAKARTA - PT Sarana Multigriya Finansial (Persero) or SMF has issued additional debt letters to pursue the target of distributing the Housing Financing Liquidity Facility (FLPP) in 2025.

SMF President Director Ananta Wiyogo explained that this step was taken to ensure that financing for low-income people (MBR) continued to run optimally amid increasing funding needs.

Ananta said that in 2025 the government targeted financing 350,000 units of houses through the FLPP scheme, but until now, the realization has only reached around 290,000 units or equivalent to 80 percent of the target.

"So we have to issue another debt letter, nombokin, so that the target of 350,000 units of houses can be achieved," said Ananta in a Media Briefing in Surakarta, Thursday, February 12.

Throughout 2025, he said, SMF has disbursed funds of around Rp. 8-9 trillion and in the same year, the company received a State Capital Participation (PMN) of Rp. 6.8 trillion to strengthen its financing capacity.

However, Ananta said that the funding needs were still greater than the available funds, so the SMF decided to raise additional funds through the issuance of debt letters.

He said that in the 3 million house development program launched by the government, SMF contributed around 25 percent of the total national FLPP financing.

Meanwhile, the remaining 75 percent comes from the government through the Housing Savings Management Agency (BP Tapera) scheme.

Since 2018 until now, SMF has recorded that it has disbursed around Rp. 34 trillion to support the financing of approximately 904,000 units of houses.