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Fintech Peer-to-Peer Lending as a Breakthrough in the Acquisition of SME Capital in Indonesia
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| Author:
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, ERY AGUS PRIYONO, MUHAMAD AZHAR
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| Abstract:
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The main problem faced by Micro, Small and Medium Enterprises actors is limited access to finance. Meanwhile, the financing channeled by commercial banks is not sufficient for the capital needs of MSMEs in Indonesia. The presence of fintech peer-to-peer lending companies in Indonesia, which up to now has 161 companies, is the answer to the limited access to finance faced by MSME players. However, the presence of fintech peer-to-peer lending for MSMEs in Indonesia has the potential to cause legal problems. This legal problem arises because of the legal relationship between the two. So there is a need for a juridical foundation that regulates the relationship between fintech peer-to-peer lending organizers and MSME players, and legal protection is required for fintech peer-to-peer lending organizers and MSME players. The method used is juridical empirical, which is a method of research in which the law, in this case the statutory regulations and agreements as independent variables, becomes the benchmark for the implementation of online lending and borrowing agreements, the laws and regulations in this case the regulation of Financial Services Authority (POJK) become the basis for the assessment of fintech companies in carrying out its business activities. The result that is still hypothetical is the weakness of legal protection for the borrower, which in this case is MSMEs, due to the lack of strict legal rules in fintech peer-to-peer lending business arrangements.
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| Keyword:
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Peer-to-peer lending, legal relations, fintech, MSMEs, Financial Services Authority
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| EOI:
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| DOI:
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https://doi.org/10.31838/ijpr/2021.13.01.157
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| Download:
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