The simulation showed that most of the residents still preferred to spend their money on daily expenditures rather than save it.
ven though construction on the Intermediate Treatment Facility (ITF) in Sunter, North Jakarta, has shown no progress since its groundbreaking in late 2018, its developer has disbursed financial compensation to most of the families that were displaced by the project.
PT Jakarta Solusi Lestari (JSL), a joint-venture company formed by city-owned developer PT Jakarta Propertindo (Jakpro) and Finnish energy company Fortum that was tasked to develop the ITF, also held a financial management course for residents on Monday on how to manage their money.
Titin Suhentin, 38, was among the participants. Originally from Karawang regency, West Java, Titin said she was initially shocked by the relocation but was later relieved she would be compensated Rp 39 million (US$2,820).
She conceded, however, that she had not known how to properly manage that amount of money.
“I spent all of it. I paid for my children’s school fees and I renovated my husband’s house in Karawang,” she said, adding that she had learned a lot from JSL’s financial management course.
The mother of four now lives in another rented tenement house in a better environment in Jembatan Hitam, North Jakarta. A coffee seller and sometimes scavenger, she relocated to Jakarta seven years ago with her husband, who is also a scavenger, and their two young children. Her other two children were sent to a school in Tangerang, Banten, as Jakarta “is the city of brawls”.
Also attending the course on Monday was 41-year-old Darini, who brought along her 4-month-old son. Darini received Rp 46 million in damages by the company and moved to a rented tenement house in Kampung Baru, North Jakarta, after she received the first payment in August.
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