OJK permit in hand, TaniFund aims to double loan disbursements – Sat August 28, 2021

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(The Jakarta post)

PREMIUM

Jakarta ●
Sat 28 Aug 2021

TaniFund, the fintech arm of Indonesian agricultural tech start-up TaniHub, aims to nearly double loan disbursements to 700 billion rupees ($ 48.5 million) over the next few years after receiving peer lending license -to-peer (P2P) from the Financial Services Authority (OJK).

Natalia Rialucky “Ria” Marsudi, chief strategy officer of TaniHub, said the license would make the company “more confident” in its partnerships with state-owned enterprises (SOE), regional enterprises (BUMD) and other technology companies funding to recruit more farmers.

TaniFund said it has disbursed 326.9 billion rupees to around 15,000 lenders to more than 4,000 borrowers since its inception in 2017. Most of the borrowers are from the islands of Java and Bali.

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