Jakarta, Oct. 31 -- Minister of Housing and Settlement Areas (PKP) Maruarar Sirait emphasized the importance of financing schemes that empower communities so they no longer depend on loan sharks.

"Permodalan Nasional Madani (PNM) and Sarana Multigriya Finansial (SMF) offer new hope so that women no longer need to borrow from loan sharks whose interest rates are extremely burdensome. I have personally witnessed how both institutions serve as real solutions for the lower-income population," Maruarar said in a statement in Jakarta on Friday.

He explained that institutions such as SMF and PNM play a strategic role in providing healthy and sustainable financing access for low-income communities.

Such schemes are expected to promote economic...