Edufund Collaborates with Students to Improve Financial Literacy

To support the student loan program recommended by President Joko Widodo (Jokowi) in 2018, financial technology (fintech) startup Edufund provides education financing services for schools, universities and courses that can be paid in monthly installments. 

Not only providing services, but the company is also keen to disseminate the need for financial literacy education to invite the public to be aware and understand how to manage finances wisely and according to their needs. 

Equitable education in Indonesia still requires more attention from all parties. The education system should be able to provide the widest possible opportunity for all citizens to obtain the right to education. 

Edufund CEO Ir Wong Budi Setiawan assessed that education credit or student loans should be more intensively disseminated. This is because the student loan product aims to support government programs in improving the quality of the education sector in Indonesia. 

“Equitable education in Indonesia still requires more attention from all parties. The education system should be able to provide the widest opportunity for all citizens to obtain the right to education,” said Wong Budi Setiawan in a webinar, Friday (13/8/2021). 

According to Wong Budi Setiawan, one of the causes of the lack of equal distribution of education is due to economic factors. Many children drop out of school due to the high cost of education to be paid. 

“As a form of support for the education sector in Indonesia, we launched a student loan program, so that the number of children who drop out of school and do not continue their education to a higher level due to economic factors can be reduced,” he said.  

Aims to Increase Indonesian Financial Literacy 

To invite and attract interest in financial literacy, millennials and generation Z, Edufund recently launched a new program, namely the Campus Ambassador program. 

“Hopefully it can be a place for them to be creative and improve their hard skills and soft skills,” said Edufund CEO, Wong Budi Setiawan, in a press release, Friday (13/8). 

He hopes that this program can be a place for Generation Z and millennials to work together, express aspirations, explore abilities, and improve financial literacy. 

“This is in accordance with Edufund’s vision and mission as a financial technology company that is the main choice of the Indonesian people in an effort to increase education equity in Indonesia,” said Edufund’s Business Development Lead, Pingkan Melita. 

Currently, 20 students have been selected from hundreds of applicants from various universities such as the University of Indonesia, IPB University, Brawijaya University, Pertamina University, BINUS University and other universities. 

As a process of the selection stage, the “Welcoming and Brief Day” activity was held as a form of welcoming representatives who passed the selection stage as well as providing education about financial literacy and financial inclusion as well as understanding about products and services from Edufund. 

The Company Wants to Increase Education Equity in Indonesia 

Edufund is here to answer the challenges and opportunities that exist to increase the distribution of education in Indonesia by providing education financing services for schools, universities, and courses that can be paid in monthly installments. 

Since 2019, Edufund has served more than thousands of users consisting of students, fresh graduates, and workers and has also collaborated with more than dozens of educational institutions consisting of schools, universities, and course places in the form of financing that can be used all over the world. Indonesian territory. 

Several educational institutions that have officially collaborated are Pelita Harapan University (UPH), IPMI International Business School, SAE Institute Jakarta, Wall Street English (WSE), Algorithm, Purwadhika, and others. 

Currently, 20 students have been selected from hundreds of applicants from a number of universities, such as the University of Indonesia, IPB University, Brawijaya University, Pertamina University, and BINUS University.