Apart from disbursing the capital at Rp48 trillion for MSME, Modalku also provides Project Capital products, with the funding offered at Rp1.5 billion.
Heaptalk, Jakarta — Modalku Group has disbursed the funding at US$3.2 billion (around Rp48 trillion) to over 5.1 million MSME transactions in Indonesia, Singapore, Malaysia, Thailand, and Vietnam.
The company claimed that the output of the distribution of funding for the Modalku Group is relatively stable and shows growth of more than 40% compared to the same period in the previous year. Besides, this P2P lending platform has also maintained incredible quality funding, whereby the company recorded a success rate of refund or TKB90 at 95.70% in April 2023.
Modalku’s Country Head, Arthur Adisusanto, explained, “We continue to put our best effort to elevating business profitability sustainably. From now on, we aim to strengthen our positive business growth as Indonesia’s financial technology business potential continues to evolve along with the rising economy and funding necessities in the MSME sector,”
As the foremost priority of this fintech company, Arthur claimed the company continues to retain its TKB90 score by conducting multiple recovery actions to amplify funding quality and perform billing optimally to avoid the default funding status. Besides, he emphasized that his party continues to communicate with MSMEs and offer a restructuring process to overcome a default status for the funding transactions.
Modalku has also been running a business with sustainable principles. Through this approach, this P2P lending startup tries to find a balance between economic, environmental, and social factors, both in internal operations and in funding activities.
As affirmed by the Sustainability and Environmental, Social, and Governance (ESG) Lead of Modalku Group, Annette Aprilana, “Our ESG investment has integrated with the primary business, one of which is by conducting an ESG risk assessment into the MSME credit assessment process. This assessment considers the environmental and social risks of prospective MSME based on an ESG risk assessment in Modalku,”
Modalku also presents Project Capital products for companies or e-catalog vendors and Electronic Procurement Services (LPSE) who need alternative funding without collateral when they want to run projects from the government. The nominal funding offered reaches US$100 million (Rp1.5 billion), with a flexible tenor of up to 120 days according to the project payment deadline.
