JAKARTA - The Chief Executive of the Financial Institution Supervisory Board, Ventura Capital Company, Micro Finance Institution and Other Financial Services Institution (PVML) of the Financial Services Authority (OJK) Agusman projects that the distribution of financing has the potential to increase ahead of Eid al-Fitr 1447 Hijriah.
"The period from Ramadan until before Lebaran is a momentum for increasing the distribution of financing, in line with the increasing needs of the community and the additional working capital of MSMEs seasonally," said Agusman in an official statement received by Antara, in Jakarta, Sunday, March 9.
He said that historically, the distribution of financing has always grown positively in the leasing industry, the multifinance industry, and the online lending industry (pindar) in the last two years.
He said that the distribution of financing by the state-owned enterprise in March 2024 grew by 1.78 percent on a monthly basis (month-to-month/mtm) and increased by 1.66 percent mtm in March 2025.
Agusman estimates that the pawnshop industry will continue to grow positively amid high competition with various digital financing products, such as online loans and Buy Now Pay Later (BNPL/paylater), because it is able to offer alternative financing based on collateral that is easily accessible to the public.
He stated that there were 165 business actors who applied for a concession business permit from December 1, 2025 to January 12, 2026, with a total of 223 companies listed as concession companies until January 2026.
"Currently, there are two companies that are in the process of increasing their business scope to become national in accordance with applicable regulations, while still considering aspects of capital, governance, and operational readiness," he said.
Agusman also saw the potential for an increase in financing in the multifinance industry based on the realization in previous years.
In March 2024, the distribution of multifinance financing grew 2.05 percent year-on-year with a gross non-performing financing (Non-Performing Financing/NPF) rate of 2.45 percent, while in March 2025 it increased 0.78 percent year-on-year with a gross NPF of 2.71 percent.
Meanwhile, in the pindar industry, Agusman revealed that the value of disbursement of financing in March 2024 increased by 8.9 percent m/m and increased by 3.8 percent m/m in March 2025.
Although the value of financing continues to increase, the quality of funding (TWP90) of the pindar industry is estimated to remain maintained below 5 percent in the Ramadan and Idulftri period this year.
"For this reason, among other things, credit scoring and borrower verification need to be strengthened so that growth during the Lebaran momentum remains healthy and sustainable," he added.
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