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Majority of P2P players loan Reportedly there are still many who lose. Responding to this, OJK explained the reasons.
P2P name loan increasingly circulating in the community since its presence in the financial arena a few years ago.
As an alternative solution to community funding, P2P loan lined up as a safe choice for both borrowers and lenders as an investment vehicle.
How does P2P perform loan according to experts? Is the profit earned in harmony with the echo fintech in cyberspace as bully?
P2P loan loss
Quoting Bisnis.com, the Financial Services Authority (OJK) noted that the majority of players in the financial technology industry are co-financing (P2P). loan) there are still a lot of losers.
Of the 102 registered platforms, it turns out that only a handful have made a profit while operating in Indonesia.
Head of the OJK 2B Non-Bank Financial Industry Supervision Department (IKNB) Bambang W Budiawan explained the loss data recorded at the OJK.
Referring to industry data as of the first quarter of 2022, players in the aggregate still recorded a loss after tax of IDR 25.41 billion.
However, at the end of 2021, the industry’s aggregate value has managed to record a net profit of IDR208.6 billion.
So what causes P2P loan still a lot to lose? Here are some reasons.
(Also Read: Need Fast Funds? Let’s Get To Know P2P Lending and How It Works!)
1. New Industry
Bambang explained, the majority of P2P players loan still losing money due to the new industry. So, the players are still focused on the growth of the industry.
He added that this loss-making condition was not caused by unstable finances among P2P players loan. Instead, the industry’s still new condition makes the industry focus more on development.
Just like other start-up industries, according to Bambang, this condition is still normal. Other technology-based industries will also focus more on development in order to make significant progress. So, making a profit has not become the main priority of the startup industry.
2. Constrained Permits
Another thing that is suspected to be the cause of P2P players loan still at a loss related to licensing. Bambang explained that the majority of P2P permits loan only obtained by the organizers at the end of 2021.
This means that after obtaining a business license, the organizers still have to continue to make a lot of efforts to develop. This business will require large capital so it will be difficult to immediately make a profit as soon as possible.
“Many P2P platforms loan who just got a permanent business permit last year. After obtaining the business license, the organizers will continue to develop their business which of course requires relatively large development costs, so that it has the effect of eroding the company’s revenue,” said Bambang as quoted from Bisnis.com, Monday (20/6/2022).
OJK Monitors P2P Development loan
Responding to this phenomenon, OJK said it would continue to monitor P2P developments loan going forward. Bambang explained, OJK will pay special attention to P2P loan in the capitalization sector.
Capitalization in the P2P industry loan has a crucial role because it involves two parties involved, namely thelender) and borrowers (borrower). According to him, these two parties must be guarded.
OJK will also monitor how profitability is maintained by P2P players loan. The players must also have sufficient equity so that the distribution business Loan can walk healthily.
Other efforts provided by OJK for P2P players loan is to develop new rules. One of the things regulated in this new rule is about equity.
In line with what Bambang said, OJK expects P2P players to loan have adequate equity value. Because with good equity, business prospects will be maintained.
The stone rules made by the OJK also have one goal of ensuring that P2P players are loan have good equity. This is done so that P2P players loan continue to develop and maintain their business.
(Also Read: KTA or P2P Lending?)
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