OJK: Pinjol Aceh Capai Residents Rp1.83 Trillion

The Aceh Province Financial Services Authority (OJK) noted that the performance of fintech peer to peer lending (online loans) registered with the identity of customers from Aceh was IDR 1.83 trillion since online loans were allowed.

"The number of customers using online loan services from Aceh continues to increase from year to year with accumulated financing from the beginning of fintech until May 2023 reaching Rp1.83 trillion," said Head of OJK Aceh Yusri in Banda Aceh as reported by ANTARA, Monday, July 24.

From the accumulated total financing, there are returns from consumers and currently outstanding financing of IDR 111 billion or grew 3.82 percent from the position in May 2022 with outstanding IDR 107 billion.

The increase in outstanding P2P financing was followed by an increase in credit risk from non-performing financing (TWP90) to 1.58 percent (May 2023) or an increase from May 2022 of 1.16 percent.

However, the level of problematic financing in question is still relatively low and under control when compared to other regions.

TWP90 is a measure of the default rate or negligence in the settlement of the obligations of fintech customers above 90 days from the maturity date which is a measure of the quality of fintech funding.

For this reason, in order to avoid inappropriate treatment and potential losses, Acehnese people who want to obtain funding or invest through fintech P2P are asked to ensure that fintech P2P companies are fintech registered with the OJK.

"We urge people who want to transact with P2P fintech to ensure that the fintech has been registered with the OJK, understand the margins set and it is recommended for business capital (productive) purposes," he said.

The public is reminded not to be complacent and interested in the advertisements or promos offered because if they are not properly studied and check that the company is registered and supervised by the OJK, then customers will be harmed in the future.

OJK Aceh in the first semester of 2023 has carried out 19 educational activities to the public with 2,184 participants. The OJK and OJK Aceh activity programs can also be seen on the Aceh OJK social media (instagram: @ojk_aceh).

"OJK continues to strive to increase education and financial literacy to the public as an effort to protect customers from financial losses," said Yusri.