Covid-19: Indonesia's P2P lenders ready for slower business, default risk

Image: Melimey/Shutterstock

P2P lending startups set up stricter scrutiny, budget reserves; playing key role in helping Indonesian businesses survive the Covid-19 crisis

As more Indonesians turn to social distancing and regional governments close their borders to fight Covid-19, SMEs in the retail, F&B and tourism sectors have found their business slumping. The P2P lending platforms that provide loans to these SMEs stand to be adversely affected as well: when borrowers cannot make their regular repayments on time, lenders risk losing part or even all of their capital in defaulted loans. Investree, one of the local P2P lending pioneers, said it's expecting a fall in lending activity as retail lenders hold back on investing. The platform, which has disb...
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Edited by Bernice Tang

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