Wednesday, 11 December 2019 | 14:46 WIB

SMF Set to Offer Financing for Tourist Villages Development

SMF Set to Offer Financing for Tourist Villages Development (kemenpar)

JAKARTA, NETRALNEWS.COM - The Indonesia Ministry of Tourism has collaborated with state-owned finance company Sarana Multigriya Finansial (SMF) to develop a financing scheme for the development of homestays and tourist villages in 10 Priority Tourism Destinations (DPP).

The Cooperation Agreement between the two institutions was signed by the Assistant Deputy for Tourism Investment, Deputy of Tourism Destination Development at the Ministry of Tourism Henky Manurung, and SMF Director of Risk Management and Operations Trisnadi Yulrisman.

Henky Manurung explained, in this collaboration SMF acts as a homestay financing provider to the community in the village or tourist location through the channeling agency and empowerment of channeling institutions in the DPP area.

"SMF coordinates with the Ministry of Tourism through the Village Tourism Homestay Acceleration Team, providing assistance to channeling institutions in the context of capacity building and increasing the participation of local communities," Hengky said.

Hengky explained that the cooperation points with PT SMF cover five things. The first is related to facilities and coordination related to the policies needed by both parties to carry out financing for the construction of homestays in 10 Priority Tourism Destinations (DPP).

Second is the exchange of data and information needed, thirdly related to homestay financing, fourth implementation of regulation, profiling, investment promotion and advocacy, and fifth monitoring and evaluation in the context of growing homestay development in 10 DPPs.

The 10 DPPs are, Lake Toba, Tanjung Kelayang, Tanjung Lesung, Thousand Islands, Borobudur, Bromo Tengger Semeru, Mandalika, Labuan Bajo, Wakatobi, and Morotai.

SMF's Director of Risk Management and Operations, Trisnadi Yulrisman, said the homestay financing program is expected to provide convenience for the community to build or repair house rooms that will be rented to tourists.

"So that it can bring income to the owners, create jobs, while increasing the growth of the tourism sector in the homestay region," he said.

Anneke Prasyanti, Chair of the Ministry of Tourism's Village Tourism Development Acceleration Team added, this cooperation is expected to be a breakthrough that funding allocations can support Tourism Village Homestay whose criteria are in accordance with local assets and archipelago architecture.

"Before being given assistance, there was a verification and survey process. After the locus is selected, socialization of the development of good homestays is conducted, according to the respective cultural context. We also prepared a guidebook for local people to study, "he said.

PT Sarana Multigriya Finansial (Persero), is a State-Owned Enterprise which was established in 2005 under the Ministry of Finance, which has the task of a Special Mission Vehicle (SMV) to build and develop the Secondary Housing Financing Market.

SMF has an important contribution in providing medium-term funds for housing finance through securitization and financing activities.