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Executive Column: TaniFund CSO says agriculture lender now eyeing SMEs
The chief strategy officer of agriculture lender TaniHub lets us in on the means and goals of the start-up, which uses technology to unlock opportunities for farmers and small business owners across the country.
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TaniHub chief strategy officer Natalia Rialucky “Ria” Marsudi (Courtesy of TaniHub Group)
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i>Indonesia’s agricultural sector posted annual growth of 2.59 percent in the fourth quarter of 2020 while the overall economy contracted 2.19 percent as a result of the COVID-19 pandemic.
However, farmers are often hard-pressed to get funding from formal institutions, such as banks, as most lack business track records, credit scores and reliable off-takers.
A lending platform for farmers has begun to tackle this problem. TaniFund has disbursed more than Rp 320 billion in loans to date and plans to double that number in the coming years.
Part of agritech start-up TaniHub Group, TaniFund recently became the first agricultural peer-to-peer (P2P) lender to receive a license from the Financial Services Authority (OJK).
The Jakarta Post’s Eisya A. Eloksari talked with TaniHub chief strategy officer Natalia Rialucky Marsudi on Aug. 25 during an online press conference to explore the company’s goals and its strategy in lending to farmers and small business owners across the country.
Question: What is your business target now that you have the OJK license?
