economy

P2P Lending GandengTangan Distributes Rp 545 Billion By 2024, Ensures Growth

In 2024, the peer-to-peer (P2P) lending industry faces many challenges. As the number of borrowers grows rapidly, the risk of defaults has also increased, especially among high-risk borrowers. However, GandengTangan, a P2P lending service for small and medium enterprises (SMEs), has managed to maintain significant growth while ensuring funding quality, with a safe TKB90 ratio of 96.5%.

Throughout 2024, GandengTangan successfully disbursed a total of Rp 275 billion, marking a 58% increase from Rp 174 billion in 2023. Overall, GandengTangan has distributed Rp 545 billion, benefiting over 53,293 borrowers, with 91.2% being SMEs. This highlights GandengTangan's commitment to supporting the development of SMEs in Indonesia.

Jezzie Setiawan, CEO of GandengTangan, stated, "2024 is a crucial moment for SMEs in Indonesia to become more adaptive and innovative, especially with the rise of digital technology adoption. We at GandengTangan are proud to support SMEs on their journey toward economic independence and sustainable growth. This is a testament to the hard work of our team, lenders, and borrowers who continue to trust us."

In terms of technology, GandengTangan has utilized advanced tools, such as AI-based analytics for bank statement analysis and early fraud detection. This approach not only speeds up the loan analysis process but also maintains funding quality, ensuring a high return rate.

In addition to AI analytics, GandengTangan is also enhancing its platform capabilities through embedded financing features.

Digital platforms can use this feature to offer financing services to users within their ecosystem by integrating with the GandengTangan system. The development throughout 2024 will provide easy integration for platform partners interested in collaborating to offer financing products to the wider community.

Ready to Provide More Inclusive Financial Access in 2025

As we enter 2025, GandengTangan aims to expand its services and reach more MSMEs across Indonesia. With innovative solutions and measured risk mitigation, GandengTangan is determined to improve loan repayment rates and provide more inclusive financial access for all segments of society.

GandengTangan is also committed to breaking down economic barriers for MSMEs, empowering them financially, and fostering financial independence. By partnering with various strategic allies like Pertamina PDC, Finku, BukuWarung, Mekari, and Terratai Asia (Impact VC), GandengTangan continues to enhance its social and economic impact.

"We hope to strengthen collaboration with financial institutions and strategic partners to channel more productive funds to MSMEs. Through this initiative, we are optimistic about contributing to a more inclusive and sustainable Indonesian economy," said Jezzie.

Officially licensed and supervised by the Financial Services Authority (OJK), GandengTangan remains dedicated to being a trusted platform supporting the growth of MSMEs in Indonesia. Its main services include invoice financing with loans up to IDR 2 billion and micro financing with loans under IDR 50 million per member. With an integrated and innovative approach, GandengTangan is ready to meet the funding needs of MSMEs while maintaining loan quality for a better future.

Tag: GandengTangan P2P