Untouched by Conventional Financing
INDONESIA'S technology-based financial industry (fintech) is now more widespread than ever before. Its peer-to-peer lending segment alone could potentially yield a total credit of Rp800 trillion. This figure is derived from the sharp gap of Indonesians' unmet demand for credit from conventional funding sources such as banks, as many prospective borrowers are not considered eligible for loans. Banks also claim that loan values requested by ineligible applicants are often too small to be advanced. This niche market is now being targeted by fintech companies.
July 4, 2017
INDONESIA'S technology-based financial industry (fintech) is now more widespread than ever before. Its peer-to-peer lending segment alone could potentially yield a total credit of Rp800 trillion. This figure is derived from the sharp gap of Indonesians' unmet demand for credit from conventional funding sources such as banks, as many prospective borrowers are not considered eligible for loans. Banks also claim that loan values requested by ineligibl
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