JAKARTA - Minister of Finance Purbaya Yudhi Sadive is scheduled to meet with the Financial Services Authority (OJK) on Thursday, October 23, 2025, to discuss plans to abolish bad credit under IDR 1 million for low-income people (MBR).
According to Purbaya, the meeting will be focused on understanding the conditions in the field, whose data will be based on findings from the People's Housing Savings Management Agency (BP Tapera) regarding the number of debtors with small debts that fall into the jammed category.
"Next Thursday I will meet with OJK to see exactly what it looks like. But depending on the findings (Head of BP Tapera) on Monday, it's actually not like that mentioned. That there are hundreds of thousands of people ready to borrow, but they are constrained because they have a record of bad credit which is below Rp. 1 million," said Purbaya when met after the 1 year event. Prabowo-Gibran administration, Thursday, October 16.
Purbaya also emphasized that the discourse on eliminating small debts was an initiative of the Minister of Housing and Settlement Areas (PKP) Maruarar Sirait.
He explained that the Minister of PKP received many complaints from low-income people who could not access Home Ownership Loans (KPR) because they were blacklisted due to bad credit with small value.
"He said there is a demand that out of a few hundred thousand people cannot enter because they are still blacklisted because they have loans that have not been paid or are considered bad credit. If you want to pay, that's okay, it's okay (not abolished)," he explained.
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Furthermore, he assessed that the financial burden that developers had to bear was not large and still made sense, considering that they would also acquire new projects in return.
However, Purbaya confirmed that he would check the truth of the claim.
"He said he wanted to pay the developer, at least a few billion. But after that the developer got a new business. Mr. Ara said, even the developer wanted to pay. I will investigate properly. It's not really like that, if it's really easy, it's already paid, it's finished," he said.
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