Attendance Challenge Peer to Peer Lending Economic Development in Indonesia

DOI

10.2991/aebmr.k.200513.070How to use a DOI?

Keywords

challenges, peer to peer lending, economic development, risk, organizers, borrowers

Abstract

The big challenge to be aware of the government over the presence of peer to peer lending in the economic development of Indonesia, and even pose many risks for related parties. Risks to the organizers collector (user), to the recipient (borrower) and to the lender (investor), and risk of loss to the organizers for example by misusing the funds and for the recipient to remove themselves or do not pay the debt at all because it provides personal data is lacking complete and detail when applying online for deals that greatly influenced and very easy to offer via SMS. Advantages include a very fast process favored by the customer, but need to be considered and reviewed the presence of peer to peer lending for prudential principles like the bank does absolutely nothing. Risk Lender to apply the precautionary principle in determining the Operator P2P Lending as a media investment. Figuring out the track record of the organizers of P2P Lending, and can distinguish between legal and illegal Operator. Borrower risk. Before applying for the loan, the Borrower shall study and find out the background of the Operator which will serve as the media give him a loan. It is important to avoid billing inhumane by the Operator P2P Lending illegal. The borrower must know the amount of interest to be paid and the ability to pay on the loan. Organizers risk.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Alum Simbolon
AU  - Irene Puteri
PY  - 2020
DA  - 2020/05/20
TI  - Attendance Challenge Peer to Peer Lending Economic Development in Indonesia
BT  - Proceedings of the International Conference on Law, Economics and Health (ICLEH 2020)
PB  - Atlantis Press
SP  - 351
EP  - 355
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200513.070
DO  - 10.2991/aebmr.k.200513.070
ID  - Simbolon2020
ER  -