Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

P2P lending platforms distributed loans worth Rp 20t in 2018: OJK

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, January 10, 2019   /   08:12 am
P2P lending platforms distributed loans worth Rp 20t in 2018: OJK An illustration of peer-to-peer fintech lending (Shutterstock/File)

Loans distributed through peer-to-peer (P2P) lending platforms reached Rp 20 trillion (US$1.42 billion) last year or 681.25 percent higher than the figure in 2017, which was recorded at Rp 2.56 trillion, according to the Financial Services Authority (OJK).

OJK financial technology (fintech) licensing, regulation and supervision director Munawar Kasan said the number of people, who sought loans from the fintech lending platforms, had increased significantly.

“The value of transactions reached Rp 20 trillion, while the number of debtors reached 4 million. It means people benefit from the existence of fintech lending platforms,” Munawar said in Jakarta on Tuesday as reported by

He believed the existence of the digital lending facilities would help players in small and medium enterprises, who previously had no access to financial resources, expand their businesses.

Munawar said up to December last year, 88 fintech platforms have registered with the OJK. These included 10 new platforms, namely AdaKami, Modal Usaha, Asetku, Danafix, Lumbung Dana, Lahansikam, Modal Nasional, Dana Bagus, ShopeeKredit and ikredo online. (bbn)


Topics :