LESSON LEARNT FROM KREDIT TRIGUNA: THE HOUSING FINANCE FOR LOW-INCOME COMMUNITY

Dyah Widi Astuti

Abstract

Financial aid or loan designed specifically for housing the low income community,
especially they are working in informal sector, is necessary. To answer the need, about
two decades ago, Bank Tabungan Negara (BTN) or The State Savings Bank had
introduced a loan package, named Kredit Triguna. Designed as a mixed microcredit
policy, this loan implemented a fully concept of integrated approach. But it was only
available for two years, and then discontinued. As one of the best practice microfinance
programs at the time, this condition was considered as a unique case. This paper aims
to evaluate the previous microcredit policy, that was Kredit Triguna, in its implementation and to identify reasons for its success or failure in performance. As a sample of case study, a project of housing redevelopment in Kalianyar riverbank, Mojosongo, Surakarta using the loan is observed. The result of the study will help in developing new alternative scheme in housing finance for the low-income community.

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References

Negara, Bank Tabungan, 1999. ‘Peraturan Direksi dan Surat Edaran Kredit Triguna’ (Management Rules and Regulations of Triple Functions Loan), Revised Edition, Bank Tabungan Negara, Jakarta, Indonesia

Panudju, M.Phil., Dr. Ir. Bambang, 1999. ‘Pengadaan Perumahan Kota Dengan Peran Serta Masyarakat Berpenghasilan Rendah’ (Urban Housing Development by Low-income Community’s Participation), Penerbit Alumni, Bandung, Indonesia

Sheng, Yap Kioe, 2000. ‘Sustainable Strategies for the Provision of Low-Income Housing in Cities in Developing Countries’, CDSI, pages 64-66

Astuti, Dyah Widi, 2003, ‘Uncontrolled Housing in Inner-City: Assessing the Possibility of Adopting Triple Functions Loan into Islamic Microfinance System’, Institute for Housing and Urban Development Studies, Rotterdam, The Netherlands

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