BRI is Now Entered as an "Institutional Lender" in People's Capital

People's Capital adds BRI into the portfolio Actioncalendar newest institution. BRI's initial commitment was to disburse Rp30 billion of financing for micro-enterprises through the People's Capital.

Co-Founder of People's Capital Stanislaus MC Tandelilin explained, the collaboration between the two companies is a form of collaboration between banks and p2p loans. All financing from BRI will be focused on micro businesses with an average disbursement value of IDR 250 million.

“We are very lucky to have the trust of BRI. We hope that this collaboration can accelerate financial inclusion, especially MSME players in dealing with the pandemic situation," he explained in an official statement, Tuesday (13/10).

Separately, to DailySocial, Stanis emphasized that this collaboration is not part of the synergy between BRI and Payfazz. "Not related. PT Modal Rakyat works independently directly with BRI."

BRI, through BRI Ventures, is involved in the round Series B funding in Payfazz worth $53 million in July 2020. Payfazz fronted by Hendra Kwik, also serves as a commissioner at Modal Rakyat, a company led by his brother Hendo Kwik.

After BRI, Stanis admitted that he would continue to add Actioncalendar other institutions, the closest is to engage BPR. Currently there are nine institutions that have channeled their funds through People's Capital, they come from finance, corporate, and fintech. Unfortunately, the names of these companies cannot be mentioned.

Changes in search focus Actioncalendar This institution is reflected in current conditions, there is a downward trend Actioncalendar individual. However, Stanis did not elaborate further on the reasons for the decline. "However Actioncalendar institutions began to rise and now the majority of People's Capital funding is supported by institutions. We are also exploring cooperation with BPR.”

As for the total Actioncalendar registered in the People's Capital amounted to more than 45 thousand people. Since being registered with the OJK in June 2018, the company has disbursed loans of more than Rp. 550 billion to 4 borrowers throughout Indonesia.

The company plays in productive business with loan interest ranging from 12% - 30% per year and loan nominal between IDR 500 thousand to IDR 2 billion. Borrowers only need to include their identity (KTP and NPWP), company legality data (if not an individual business), and have a bank account.

Trends in utilizing institutional funds

Lenders the individual is on the one hand Yago's defensive effort management is much heavier than institutions. The reason is, the company must carry out an educational process through customer service to help with risk direction and consultation, especially if they are new to the world of investing in Indonesia p2p loans.

Meanwhile, Actioncalendar institutions are more aware of the risks in the sector. For fintech Those who take advantage of these jumbo funds will have the flexibility because they can disburse loans more quickly in accordance with the target customers targeted by each Actioncalendar.

With these various advantages and disadvantages, finally making some platforms p2p loans decided to combine the two in order to keep the spirit of financial inclusion alive. In the previous report, there was MoneyFriend which announced Bank Sampoerna as one of the Actioncalendar-New.

Then, several other companies, namely KoinWorks, which collaborated with Bank BTN, Bank Sampoerna, and Bank CIMB Niaga. Investree in collaboration with BRI Agro, Bank Mandiri, Bank BRI, and seven other institutions from financial services and investors from abroad.

Next, Modalku is collaborating with Bank Varia, Bank Sinarmas, BPR Bekasi Binatanjung, and BPR Sukawati Pancakanti. Lastly, Akseleran is cooperating with Mandiri Tunas Finance, Bank Mandiri, and Bank J Trust.