Bukalapak Makes It Easy To Access Credit Loans For Hundreds Of Partners

Bukalapak illustration (Aditya / VOI)

JAKARTA - Bukalapak is releasing a new feature that makes it easier for its partners to access cash loans. Through the 'Pay Tempo' feature, partners who open lapak can get loan funds to support the ongoing business that is being run.

This 'Pay Tempo' feature comes along with Bukalapak's vision to provide opportunities for its partners to improve their livelihoods, especially in the midst of the Covid-19 pandemic. Moreover, Bukalapak wants to optimize the potential of stalls and wider financial access for its partners.

"We are aware of the limited access to loan products for MSMEs, in terms of capital, especially in the midst of a pandemic situation," said AVP of Investment and Financing Solutions Bukalapak, Dhinda Arisyiya, in his official statement, Friday, July 24.

'Pay Tempo' is a credit limit facility that can be used as a payment method for Bukalapak Partner stalls when they need to fill product stocks. The shop owner will receive a number of loan limits that can be used repeatedly and paid before maturity.

In addition, Partners who apply for loans through Payar Tempo are also not charged interest, but only charged at the time of initial registration.

Dhinda explained that since it was launched on July 10, the 'Pay Tempo' feature has been accessed by around 40 thousand Bukalapak partners. This e-commerce platform also targets the 'Pay Tempo' feature to reach more of its partner stalls.

"We are targeting hundreds of thousands of partners. The way is, partners can be more active in increasing transactions at Bukalapak so that lenders approve applications," he continued.

Currently, according to Dhinda, the number of Bukalapak Partners has more than 1.8 million partners. He hopes that all Bukalapak partners will have the same opportunity to access this loan.

The Bukalapak trading platform currently has more than 92 million users and sellers spread across major cities in Indonesia. Bukalapak has also reached 6 million and 5 million stalls and Bukalapak agents.