Indonesian peer-to-peer lending platforms optimistic about 2021 amid growing users

JAKARTA (The Jakarta Post/ANN): Indonesia’s peer-to-peer (P2P) lending platforms are looking forward to further growth in 2021, amid the promising increase of users and disbursement this year, and low bad loans ratio, despite the raging Covid-19 pandemic.

P2P lending platform KoinWorks COO Bernard Arifin said that while the company had experienced a decline in loan requests during the first large-scale social restrictions (PSBB) period from March to July, it had enjoyed an increase in loan requests nearing the end of the year.