More Incessantly Providing Productive Loans, UangTeman Adds Institutional Lenders

UangTeman announces Bank Sahabat Sampoerna (Bank Sampoerna) as the Actioncalendar institution. The commitment of the funds disbursed is kept secret, but is considered significant for helping micro-entrepreneurs.

VP Corporate Finance & Investor Relations MoneyFriend Irfan Sidik explained that the nominal amount of the funds was quite significant and was expected to be able to help people who are about to start their small businesses to get funding quickly and responsibly.

He continued, this collaboration is proof of a mutually beneficial collaboration between and banks to channel financing to the public. This initiative is also in line with the commitment of the financial industry to support the national economic recovery.

According to him, the role during the pandemic, it is still a good opportunity because the digital technology they use can target the wider community accurately and quickly. "This activity is also our long-term strategy to provide easy and fast financing facilities," he said in an official statement, yesterday (7/10).

In this regard, UangTeman releases two new products to help micro-enterprises affected by the pandemic. The two products are Installment and Lite Installment.

Borrowers have a longer payback duration than the previous product of around 10-30 days. Installment provides loans with a tenor of three months, while Lite Installment is up to a maximum of six months.

The loan nominal increased to Rp. 20 million from the previous product, starting from Rp. 1 million to Rp. 8 million. UangTeman started to enter into productive credit and finance micro-enterprises, when they were just established in 2015 and actively finance consumer loans.

FSA issue rules which requires the organizer channeling 20% ​​of its portfolio to the productive sector. However, the OJK data shows that the majority of lending went to the consumptive sector as much as 66% of the Rp113,46 trillion as of June 2020.

Therefore, OJK encourages collaborate with banks and governments to increase their contribution.

Take advantage of funds from institutions

Not only UangTeman, using funds from institutions as a Actioncalendar (Super lender) has now become a strategy that is quite important for . Several other companies, there are KoinWorks, which collaborate with Bank BTN, Bank Sampoerna, and Bank CIMB Niaga.

Mentioned institutional lender portfolio in CoinWorks now holds 30% of the total distribution. Most of the institutions that joined came from banking and finance.

Furthermore, there is Investree which collaborates 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. Final, Acceleration which cooperates with Mandiri Tunas Finance, Bank Mandiri, and Bank J Trust.

For fintech who take advantage of Actioncalendar In this institution, they will have the flexibility because the jumbo funds can disburse loans more quickly in accordance with the target customers targeted by each institution. Actioncalendar. Meanwhile for institutions, they can minimize the risk of default and get new prospective customers through fintech.