The Effect of Fintech Peer-to-Peer (P2P) Lending on MSMEs Performance in Indonesia

Aulyarizki Miahendita

Abstract


This study analyze the effect of Fintech loans Peer-to-Peer (P2P) Lending on MSMEs Performance in Indonesia. Data was collected using the technique Snowball Sampling, which is an online survey of MSME actors who have borrowed on the platform P2P Lending for business development and obtained as many as 70 respondents. The results of the study can  be  concluded  that:  1)  The size  of the  amount  of  funding received from P2P lending affects increased profits, but does not affect the increase in assets; 2) The interest rate has a negative and not significant effect on MSME Performance so that the lower interest rate can further increase turnover, profits, and business assets; 3) Loan Times affects MSME Performance positively and significantly. This study has several limitations, which include the number of samples, uneven coverage of the study area, and there are still many other factors that affect MSME performance.

Keywords


Peer-to-Peer (P2P) Lending; Interest Rate; Loan Times; MSME Performance

Full Text:

PDF
rticle

References


Amirullah, H. I. (2005). Pengantar Bisnis Ed ke-1. Yogyakarta: Graha Ilmu .

Andini, G. (2016). Faktor-faktor yang Menentukan Keputusan Pemberian Kredit

Usaha Mikro, Kecil, Dan Menengah (UMKM) pada Lembaga Keuangan Mikro Peer-to- Peer Lending. Jakarta (ID): Universitas Islam Negeri Syarif Hidayatullah.

Atc U, B. D. (2016). Peer-to-Peer Lending and Financial Innovation in The United Kingdom. London (UK): Bank of England.

Baker, H. K. (2017). Financing Preferences and Practices of Indian SMEs. Global Finance Journal.

Boocock, G. W. (2001). The Financing of Small Firms: Different Continents, the Same Problem? New England Journal of Entrepreneurship.

Cai, S. X. (2016). Judging Online Peer-to-Peer Lending Behavior: A Comparison of First time and Repeated Borrowing Request. hal. 857-67.

Cui, L. J. (2017). Adaptive feature selection based on the most informative graph-based features. hal. 276-287.

Fatoki, O. (2014). The Financial Literacy of Micro Entrepreneurs in South Africa. 151-158. Gujarati DN, P. D. (2013). Dasar-dasar Ekonometrika Ed ke-5. Jakarta (ID): Salemba Empat.

Hafsah, M. (2004). Upaya Pengembangan Usaha Kecil dan Menengah. Infokop Nomor 25 Tahun XX.

Hsueh, S. C. (2017). Effective Matching for P2P Lending by Mining Strong Association Rules. hal. 30-33.

James, H. W. (2018). Busy Directors and Firm Performance: Does Firm Location Matter? North American Journal of Economics and Finance, 1-37.

[KKUKM] Kementrian Koperasi Usaha Kecil dan Menengah. (2019, Mei 19). Laporan UMKM 2017. Diambil kembali dari http://www.depkop.go.id/uploads/laporan/1549946778_UMKM%202016-2017%20rev.pdf. Diakses pada 19 Mei 2019

[Kontan] Kontan. (2019, Mei 30). Diambil kembali dari

Kontan. 2019.https://keuangan.kontan.co.id/news/per-april-fintech-peer-to-peer- lending-sudah-salurkan-pinjaman-rp-3701-triliun. Diakses pada 19 Mei 2019

Kreamer-Eis, H. a. (2012). The importance of leasing for SME finance. European Investment Fund.

Kumalasari, B. (2019). Faktor-Faktor yang Memengaruhi Kinerja UMKM di Kabupaten Bojonegoro. Jurnal Ilmu Manajemen.

Luke D, J. M. (2015). The Rise of Peer-to-peer Lending in China: An Overview and Survey Case Study. The Association of Chartered Certified Accountants.

Marcellina, A. (2012). Analisis Perkembangan Usaha Mikro Setelah Memperoleh Kredit Mikro dari Koperasi Enkas Mulia di Kota Semarang. Semarang (ID): Universitas Diponegoro.

Munizu, M. (2010). Pengaruh Faktor-Faktor Eksternal dan Internal Terhadap Kinerja Usaha. Jurnal Manajemen dan Kewirausahaan.

Murdwiyanto, E. F. (2018). Faktor-Faktor yang Memengaruhi Keputusan UMKM dalam Mengambil Pinjaman Melalui Peer-to-Peer (P2P) Lending. Bogor (ID): Institut Pertanian Bogor.

Nachrowi DN., U. H. (2006). Pendekatan Populer dan Praktis Ekonometrika Untuk Analisis Ekonomi dan Keuangan. Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia.

Nandita, B. (2018). Faktor-Faktor yang Memengaruhi Keberlanjutan Usaha UMKM Pengolahan

Buah dan Pengolahan Susu. Bogor (ID): Institut Pertanian Bogor.

Nowak A, A. R. (2018). Small Business Borrowing and Peer-to-Peer Lending: Evidence from

Lending Club. Contemporary Economic Policy, 318-36.

Nurdana, D. P. (2018). Analisis Dampak Pinjaman P2P Lending Terhadap Perkembangan Bisnis

UMKM. Bogor (ID): Institut Pertanian Bogor.

[OJK] Otoritas Jasa Keuangan. (2016). POJK Fintech. Diambil kembali dari https://www.ojk.go.id/id/regulasi/otoritas-jasakeuangan/peraturan- ojk/Documents/Pages/POJK-Nomor-77-POJK.01-

/SAL%20%20POJK%20Fintech.pdf. Diunduh pada 19 Mei 2019

Priadana HMS, M. S. (2009). Metodologi Penelitian Ekonomi dan Bisnis. Yogyakarta (ID): Graha Ilmu.

Rosa, Y. D. (2019). Pengaruh Inflasi dan Suku Bunga Terhadap Omset UMKM Kota Padang. Universitas Dharma Andalas Padang.

Santoso et al. (2019). What Determine Loan Rate and Default Status in Financial Technology Online Direct Lending? Evidence from Indonesia. Emerging Market Finance and Trade, 1-19.

Sanusi. (2015). Faktor Penentu Keberhasilan UMKM pada Industri Bordir dan Konveksi Kudus. Iqtishadia, 41-58.

Serrano-Cinca, C. B.-N.-P. (2015). Determinants of default in P2P lending. Plos One , 1-22. William, R. (2016, April 7). Outliers. Diambil kembali dari University of Notre Dame:

https://www3.nd.edu/~rwilliam/stats2/l24.pdf

Xu, J. J. (2018). Cheap talk? The impact of lender-borrower communication on peer-to-peer lending outcomes. Journal of Management Information System, 53-85.

Y. Gao, S.-H. Y.-C. (2018). The Performance of the P2P Finance Industry in China.Electronic Commerce Research and Applications.


Refbacks

  • There are currently no refbacks.