Impact of Covid-19 Pandemic: SMEs Financing Solutions through Fintech Lending Education

DOI

10.2991/aebmr.k.220602.004How to use a DOI?

Keywords

fintech lending; financing; SMEs; covid-19 pandemic

Abstract

The covid-19 pandemic has a very extraordinary impact on SMEs, especially on the decrease in income obtained resulting in business actors having to spend more for business capital owned to cover the losses experienced. The purpose of this study is to identify the impact of the covid-19 pandemic on SMEs. In addition, to analyze the problems in SMEs financing by providing Fintech Lending educational solutions. Research methods use methods of literary or literature studies (library research) with a descriptive analysis approach. Secondary data collection is done by collecting data from various sources through the internet, journals, research results, articles, and so on. The results of the study there are several problems including the lack of knowledge and understanding and information of SMEs actors about online loans. In addition, the public does not understand fintech P2P lending companies that are not registered, where those who do not have permission from OJK have a very high risk that can be detrimental. Some ways of education can be done by way 1) to socialize and counsel related to companies or platforms that have been given permission and supervised by OJK. 2) conduct assistance and training through academics when carrying out Village Service related to the workings of Fintech Lending applications to the community and SMEs actors. In addition, 3) for people in disadvantaged villages can introduce and provide understanding related to branchless banking.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

Download article (PDF)

TY  - CONF
AU  - Devina Arninda
AU  - Dwi Prasetyani
PY  - 2022
DA  - 2022/06/13
TI  - Impact of Covid-19 Pandemic: SMEs Financing Solutions through Fintech Lending Education
BT  - Proceedings of the International Conference on Economics and Business Studies (ICOEBS 2022)
PB  - Atlantis Press
SP  - 25
EP  - 31
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220602.004
DO  - 10.2991/aebmr.k.220602.004
ID  - Arninda2022
ER  -