Financing Model for Low-Income Communities (LIC) to Rural Property Ownership in Langkat Regency

Abstract

The importance of research regarding the problem of property credit financing is needed for low-income Communities (LIC). This research design is quantitative with factor test research to examine the property financing model. The data source used in this research is a questionnaire with a sample size of 96 respondents. The results of this study can explain that the factors that can be a model of financing the property industry for low-income people are formed from 11 factors, namely demand, behavior, supply, community income, needs, facilities, number of dependents, level of education, security, risk and benefits. This model can be used as a reference for banks to identify the demand and supply of property loans. The results of the study can be taken into consideration in conducting supervision, especially on the development of property lending in Indonesia. The property financing model in question is a financial structure or scheme used to assist low-income individuals in purchasing, building, or developing property. This financing can include a wide range of financial products and services offered by financial institutions such as banks, financing institutions, or insurance companies.