Fuel Rise Doesn’t Impact FinTech Business

Jakarta, duniafintech.com – This time, Indonesian fintech news reviews about the fintech business or industry that continues to advance.

In the midst of the current increase in fuel prices, it is believed that fintech loans to micro, small and medium enterprises (MSMEs) will continue.

Check out the following review.

Fintech loans to MSMEs are believed to continue – Indonesian FinTech News

Although there are many challenging circumstances for MSMEs, especially due to the sudden rise in inflation, rising fuel prices and benchmark interest rates, this does not fear discouraging peer-to-peer (P2P) lenders in opening access to financing for players. .

Take, for example, P2P lending Fintech Amartha, which has distributed capital to 1.18 million MSME players.

With a total fund spent of more than 7.9 trillion rupees. Meanwhile, the loan size in Amartha ranges from Rs 4 million to Rs 15 million.

release monetaryRizki Warney, AVP Marketing & PR Amartha, said Amartha is optimistic that it will continue to be able to channel capital into MSME players, despite changes in economic conditions due to inflation, rising fuel prices and interest rates.

“Loans still dominate areas outside Java, namely the islands of Sumatra and Sulawesi, because they have proven to be performing very well,” Rizki said, citing Rizki Thursday (9/8/2022).

To improve financial performance, Amartha always cooperates with many parties, both banks and other institutions to jointly enable MSMEs in Indonesia.

Indonesian FinTech News

Rezki revealed, that Amartha is also striving to maintain loan quality by improving machine learning technology. So far, Amartha’s NPL is less than 0.5 percent.

On the other hand, Amarta is also planning to expand its areas of operation, such as the districts of Lampung, Bengkulu and Gorontalo.

Therefore, given the need for expansion and historically sound financial performance, Amarta is also aiming to hire 1,800 new workers by the end of this year.

Exchange numbers of fintech companies are stable – Indonesian FinTech News

Similar to Amartha, to date the Modalku Group has also recorded a relatively steady number of loan payments in each quarter.

To date, Modalku Group has provided loans worth 38.73 trillion rupiah to more than 5.1 million loans to MSMEs in Indonesia, Singapore, Malaysia, Thailand and Vietnam.

Co-founder of Finance Associations and CEO of Modalku Indonesia, Reynolds Wijaya, said that there are many variables that affect the distribution of Modalku loans to MSMEs, so it is difficult to say that this will have a direct impact on the decline in lending.

“We will continue to monitor economic developments that are directly related to the industries and sectors we target and integrate them into our potential borrower eligibility selection model so that we can always manage risks that may arise,” Reynolds said.

Read also: Indonesian FinTech News: Industry expects loan tax adjustment

Reynolds explained that to date, the main part of Modalku is still MSMEs, ranging from the small segment to the medium segment. This sector is targeted because it is in line with the company’s main vision, which is to support MSMEs with access to finance.

Notably, Modalku provides digital finance services, whereby borrowers (MSMEs) can obtain unsecured business capital loans of up to IDR 2 billion with various maturity periods tailored to the borrower’s business profile through the assessment of Modalku credit team.

Modalku’s loan distribution area is not only focused on Java, but also outside of Java. Some of the areas outside Java that Modalku will likely fund include Riau, North Sumatra, South Sulawesi and Bali.

Reynolds admitted that amid rising fuel prices and rising inflation, his party continues to assess the impact on projected loans.

However, he certainly hopes that the economic situation will improve by the end of 2022.

This year, Modalku continues to try to increase the distribution of MSME loans across various industrial sectors through product innovation and collaboration with various parties, including HSBC Singapore and digital platforms such as Linkz Asia just launched this year.

In addition, Modalku is also focusing on increasing market penetration in each region because the potential is still very large. As an additional information, Modalku has recently expanded outside of Java into the Makassar region.

Other FinTech Companies

In addition, PT Akseleran Financial Inclusive Indonesia (Akseleran) admitted that it remains optimistic that the loan distribution performance in the second quarter / 2022 can continue to grow.

This is in line with the realization of loan disbursement in the middle of this year which amounted to 1.3 trillion rupees and reached 1.75 trillion rupees during the current year.

Read also: Indonesian FinTech News: How to Develop MSMEs Through FinTech Capital Loans

Akseleran CEO and co-founder Ivan Tambunan said that despite the challenging conditions, players in MSME also felt, especially due to rising inflation, higher fuel prices and higher interest rates. He remains optimistic that this will not have a significant impact on the distribution of accelerated funds to MSMEs.

“Specifically with the continued economic recovery and current growth potential, it appears that MSME loans will continue to expand in the future. We are optimistic that Akseleran’s average monthly distribution will remain at the level of 230 billion rupees to 250 billion rupees,” Evan said .

Just as you know, Akseleran has so far distributed the capital to 3,513 borrowers, of which 1,136 are active borrowers, with the majority of MSMEs in the fields of engineering, construction, energy and various services.

This is a review about Indonesian FinTech News. The quality of BBM is believed to have no effect on MSME FinTech loans. We hope it is useful.

Read also: Indonesian Fintech News: Recognition of Sharia Fintech

Read on for the latest Indonesian fintech and crypto news only at Duniafintech.com.

Author: Contributor / Shuhada Banji A

Source link

Leave a Reply

Your email address will not be published.