Romys Binekasri, CNBC Indonesia
Tech
Tuesday, 11/07/2023 06:35 WIB
Photo: Chief Executive of OJK’s Chief Executive for the Conduct of Financial Services Businesses, Education and Consumer Protection Friderica Widyasari Dewi. (Doc. OJK)
Jakarta, CNBC Indonesia – Illegal loans are still popping up in Indonesia even though there are already 102 peer-to-peer lending fintech platforms that have OJK permits. Apparently, there are some Indonesian citizens who deliberately borrow through illegal loans and then don’t want to pay.
Friderica ‘Kiki’ Widyasari, Member of the Board of Commissioners of the Financial Services Authority, said that currently Indonesian citizens can distinguish between legal and illegal lending platforms. This community capability is the result of continuous education from fintech industry players and the OJK.
“The number of complaints is trending down, January 1,200, in June only 275. [Penurunan] biggest illegal loan]. On the other hand, legal loans involve licensing and increased risks. They have gone from illegal to legal,” he said some time ago.
Uniquely, Friderica stated that now there are actually citizens of the Republic of Indonesia who actually choose to take loans through illegal loan platforms. “Want to get funds and don’t want to make payments. There are and are happening in our society. [Tapi] There are also difficulties in paying illegal loans.”
Perpetrators who owe illegal loans and do not pay, according to him, mostly use the funds they collect for consumptive needs such as traveling, buying gadgets such as cell phones, or concert tickets.
There are also borrowers who go into debt to start a business but then do not receive as much income as expected.
Another mode of fraud in the loan industry is tricking people into submitting loans to legal loans. The disbursed funds are not then conveyed to the person whose identity is used.
“The funds were used, asking for a loan promised a profit. In the end, the funds were used, but they didn’t finish it and many things were involved,” said Kiki.
The Task Force for Handling Unlicensed Business Activities in the Financial Sector (formerly known as the Investment Alert Task Force), revealed that during April-June 2023 there were 352 illegal online lending platforms (pinjol) and 77 content on Facebook and Instagram offering loans illegally.
The task force explained that it had coordinated with the Indonesian Ministry of Communication and Informatics to carry out the blocking. This is intended to reduce the opportunities for fraud perpetrators to deceive the public.
A number of these illegal loans come from developers in the form of cooperatives. Namely, the Savings and Loan Cooperative (KSP) Usaha Kita Bersama, KSP Sarah Benjamin, KSP A Wang, KSP Le Dana, KSP Mangga, and many more.
There are also those who develop on behalf of individuals, such as Bradley Hough, Roxane Mcduffie, and jackma.
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(the/the)
2023-07-10 23:35:00
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