President Jokowi Hands Over Land Certificates in Cilacap

President Jokowi on Tuesday (01/02) hands over 2,000 land certificates to residents of Cilacap regency, Central Java province. (Photo by: BPMI of Presidential Secretariat/Kris.)

President Joko “Jokowi” Widodo on Tuesday (01/02) handed over 2,000 land certificates to residents of Cilacap regency, Central Java province.

“Land certificate is legal proof of your land ownership. The certificate provides the information of the land right holder, the area of the land, and other important information,” the President said.

The President allowed the certificate holders to use the certificate as collateral for banking loans, provided that the loan has been prudently calculated.

“In the event that you aim to use the certificate as collateral, you must make a prudent calculation, whether or not you can pay the monthly installments,” the President said.

The President further said that the loan must be used for running business, not for buying luxurious items.

“That’s the bank’s money, not yours. Once the loan has been paid off, and you can make a profit from the business, the money can be saved or can be used to buy a car,” the President remarked. (BPMI SETPRES/AIT) (RI/MMB)