Digital Financial Literacy: Peer-To-Peer (P2P) Lending of Microenterprise in Cibuntu Village
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 08
Abstract
The society began to look for information about Fintech Peer-To-Peer (P2P) Lending or online loans that became known to the public after news emerged of the rampant illegal online loan entanglements. Online loans are attached to a negative stigma, on the other hand online loan platforms are needed by the community. In line with the government's goals, the purpose of Community Service (PKM) activities is to increase understanding, insight, digital financial knowledge regarding Fintech P2P Lending for MSME groups in the Cibuntu Bekasi, South Tangerang West Java Indonesia. The material provided includes the development of Fintech P2P Lending in Indonesia. Second, explaining the benefits and risks and how to choose an online loan platform that is registered and licensed at the Financial Services Authority (OJK). Third, provide an explanation of the consequences and legal protection for ordinary people so they don't worry when facing legal problems with illegal online loan companies. Fourth, the existence of the Investment Alert Task Force which was formed by the government in the context of preventing and handling allegations of unlawful acts by illegal online loan companies. The hope of this activity is that the community and MSME actors can choose legal online loan platforms and avoid illegal online loan entanglements.
Authors and Affiliations
Khalida Utami, Rafrini Amyulianthy, Tri Astuti, Azidan Primadana
Keywords
Related Articles
- EP ID EP727309
- DOI 10.47191/jefms/v6-i8-46
- Views 27
- Downloads 0
Analysis Dimensions of Globalization and Poverty : Vector Error Correction Model (VECM) Approach
This study analyzes how the dimensions of globalization, economic growth, and income inequality affect poverty with the Vector Error Correction Model (VECM) model in the long term. This research method uses time series d...
Entrepreneurial Ecosystem and Sales Growth of Selected Manufacturing Small and Medium Enterprises in South-West, Nigeria
Small and medium scale enterprises (SMEs) play a key role in the development of every nation and thus, instrumental in economic growth and development. They help in promoting prosperity by creating new jobs and increasin...
Financial Distress with Firm Size as a Moderating Variable in the Construction Sub Sector on the Indonesian Stock Exchange
Financial distress is a stage where the company's financial condition has decreased significantly. The occurrence of financial distress starts from a decrease in the company's financial condition starting from the compan...
SME Working Capital Strategy to Increase Profitability During The Covid-19 Pandemic
The Covid-19 pandemic has an impact not only on the manufacturing sector but also on the SME sector. One way that is done by SMEs is to strengthen financial strategies to maintain the continuity of SME businesses. This s...
Building a System of Assessment Criteria for Responsibility Centers at Garment Enterprises in Hanoi
Building the textile industry into one of the spearhead industries, oriented to export, and capable of meeting the increasing domestic consumption demand is the goal of Hanoi City. Garment enterprises in Hanoi city need...