The Jakarta Post
Peer-to-peer (P2P) lenders to small and medium enterprises (SMEs) believe the coronavirus outbreak, which has disrupted most economic activities in Indonesia, will not affect their loan repayments.
Aria Widyanto, the chief risk and sustainability officer of Amartha, a P2P lending platform that primarily funds SMEs owned by women in villages, said that he was sure that the financial technology (fintech) company’s borrowers would be able to repay loans on time because he believed the rural economy remained resilient despite the COVID-19 pandemic’s catastrophic effect on many other sectors.
“The economies of villages are more resilient because they are more isolated,” he said on March 26 during a video conference. “These SMEs will conduct business as usual despite the turbulence in the macroeconomy.”
Aria said that Indonesia had faced many crises but that pe...