Jakarta (Armfalcon.com) – Director of Financial Technology Supervision of the Financial Services Authority (OJK) Tris Yulianta said that Financial Technology Peer to Peer Lending (Fintech P2P Lending) is capable of being a funding solution other than banking for Micro, Small and Medium Enterprises (MSMEs).
“And then the target for the establishment (Fintech P2P Lending) at the beginning we wanted to fund our community which is unbankable And unserved. So if it’s more bankable will definitely run to the bank, now here we are especially present for MSMEs,” said Tris in Jakarta, Tuesday.
According to him, the current issue of MSME funding needs to be given more attention, because this sector plays a key role in Indonesia’s future economic growth. There are around 65 million MSME actors who are able to absorb around 120 million workers or around 96.9 percent of Indonesia’s total workforce. MSMEs also contribute around 60.51 percent of Indonesia’s total Gross Domestic Product (GDP).
However, several MSMEs are currently facing challenges in the form of limited capital to develop, quality of human resources, marketing or networking, innovation, digitization, and licensing. For this reason, Fintech P2P Lending can be a solution in providing programs and quality human resources.
“We OJK and associations, AFPI also work together on how to improve the human resources of these MSMEs. Apart from that, we help with problems networking marketing and innovation related to digitalization,” he said.
Tris explained, so far the distribution of P2P Lending funding to the productive sector has been classified as fluctuating. Data as of March 2023 recorded IDR 7.89 trillion or 39.97 percent of the total industry.
Then data for the last 12 months, from April 2022 to March 2023, P2P Lending was able to channel funding to the productive sector of IDR 99.15 trillion or 43.33 percent of the total industry.
At the end of March 2023, the number of accounts borrowers There were 4.67 million active accounts originating from MSMEs with outstanding funding of IDR 19.48 trillion or 38.18 percent of the total industry.
With the amount of MSME funding from P2P Lending, one of the fintech business fields has great potential to support the progress of Indonesian MSMEs.
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Reporter: Bayu Saputra
Editor: Biqwanto Situmorang
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