ANALYSIS OF FINTECH PEER-TO-PEER (P2P) LENDING APPLICATIONS IN IMPROVING FINANCING ACCESS FOR MSMEs IN INDONESIA
DOI:
https://doi.org/10.61167/mnk.v2i3.220Keywords:
P2P Lending, Financial Inclusion, SMEs, Financial Technology, Risks and BenefitsAbstract
This study aims to analyze the role of peer-to-peer (P2P) lending fintech applications in improving access to financing for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. Using qualitative methods, this study explores several leading fintech applications, including Modalku, Kredivo, Akseleran, and ALAMI Funding Syariah. The results show that these applications provide fast, easy, and transparent financing alternatives for MSMEs that often experience difficulties in obtaining capital from traditional financial institutions. Furthermore, this study identifies differences in business models, market segments, and the benefits and risks faced by users and investors. These findings are expected to provide insights for stakeholders, including the government, industry players, and the public, in efforts to increase financial inclusion in Indonesia. With a better understanding of P2P lending applications, it is hoped that a more inclusive and sustainable financial ecosystem can be created, contributing to national economic growth.
References
AFPI (2023). Asosiasi Fintech Pendanaan Bersama Indonesia.
AFPI (2023). Pahami Aturan OJK tentang Bisnis P2P Lending.
Avantee (2023). Menggunakan P2P Lending untuk Mendukung UMKM: Studi Kasus Sukses.
Avantee (2023). P2P Lending: Mendukung Pertumbuhan UMKM Melalui Akses Keuangan.
C. M. Christensen, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, Harvard Business Review Press, 1997.
CNBC Indonesia (2023). OJK Minta Pinjol Tolak Orang yang Pinjam Uang Buat Judol!.
D. W. Arner, J. Barberis, and R. P. Buckley, "Fintech and RegTech: Impact on Regulators and Banks," Journal of Banking Regulation, vol. 19, no. 1, pp. 1-14, 2015. doi:10.1057/s41261-018-0020-5.
Detik Finance (2023). Punya Utang Lebih dari 3 Pinjol? Ini Strategi Prioritas Bayar.
F. A. M. M. M. A. A., "The Role of P2P Lending in Financial Inclusion," International Journal of Financial Studies, vol. 8, no. 1, pp. 1-10, 2020. doi:10.3390/ijfs8010001.
I. Hasan and S. Moudud-Ul-Huq, "Financial Inclusion in the Digital Age: The Role of Fintech," International Journal of Financial Studies, vol. 8, no. 1, pp. 1-19, 2020. doi:10.3390/ijfs8010001.
Journal of Innovative and Creativity (2023). Pengaruh Fintech Peer-to-Peer Lending terhadap Akses Pembiayaan UMKM di Era Digital.
Kontan (2023). Inilah Hal Yang Dilarang Untuk Fintech Lending Saat Berbisnis Pinjol.
Modalku (2023). Platform Pinjaman Dana Usaha & Pendanaan Untuk UMKM.
OJK (2023). Layanan Pendanaan Bersama Berbasis Teknologi Informasi (LPBBTI).
OJK (2023). Statistik P2P Lending Periode Oktober 2023.
Otoritas Jasa Keuangan (OJK), "Daftar Penyelenggara Fintech Lending Berizin dan Diawasi OJK," Jakarta, 2022. [Online]. Available: www.ojk.go.id.
Pujia UNISMUH Makassar (2023). Pengaruh Pengelolaan Keuangan dan Penggunaan P2P Lending Terhadap Modal Usaha Serta Kinerja.
V. Venkatesh et al., "Consumer Acceptance and Use of Information Technology: Extending the Unified Theory of Acceptance and Use of Technology," MIS Quarterly, vol. 36, no. 1, pp. 157-178, 2012. doi:10.2307/41410412.
World Bank, "Global Financial Development Report 2014: Financial Inclusion," World Bank Publications, 2014. [Online]. Available: https://openknowledge.worldbank.org/handle/10986/16238.
