Jakarta, July 9 -- The State-Owned Enterprises (SOEs) Ministry affirmed its commitment to supporting the distribution of People's Business Credit (KUR) in the housing sector.

"We are ready to support the distribution of KUR in the housing sector for the benefit of the Indonesian people," Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo stated here on Tuesday.

Wirjoatmodjo expressed hope that the Association of State-Owned Banks (Himbara) would support the program. Himbara has experience as a distributor of KUR and Housing Financing Liquidity Facility (FLPP).

"We hope that this KUR distribution will be well-targeted and will also benefit MSME developers, enabling them to grow into large-scale developers," he stated.

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