From 2017 until Now, TaniFund has Disbursed Funding of IDR 324.3 Billion

Financial technology company (fintech), TaniFund has distributed funding to the public worth IDR 324.3 billion. This value was distributed to more than 4,000 borrowers from 2017 until now. 

“Along with the growing public trust in TaniFund, to date the total lenders have reached more than 10,000, consisting of individual and institutional lenders,” said TaniHub Group CEO Pamitra Wineka, in an official statement, Friday (20/8). 

After obtaining a permit from the Financial Services Authority (OJK), the company is committed to providing access to capital and guidance to farmers. 

As is known, TaniFund has obtained an OJK permit as a fintech operator in the agricultural sector. This is in accordance with the OJK Decree as stated in the Permitted Certificate KEP-64/D.05/2021 issued on August 2, 2021. 

Armed with community support, TaniFund will expand its expansion outside Java, innovate products, and strengthen monitoring through advanced internal credit scoring. 

In fact, the company will aim for new funding of IDR 700 billion in the next few years. That way, companies can provide access to finance and capital for farmers and MSME entrepreneurs. 

Officially Gets OJK Permit, TaniFund Distributes IDR 700 Billion Financing to Farmers 

The Financial Services Authority or OJK has officially granted PT Tani Fund Madani Indonesia permission as the provider of fintech peer-to-peer lending in the agriculture sector. 

TaniFund, part of Tanihub, along with 68 other P2P lending companies are licensed and supervised by OJK. TaniFund is the only fintech engaged in agriculture that has an OJK permit. 

TaniHub Group Chief Strategy Officer Natalia Rialucky Marsudi explained that her party believes that a license from the OJK can increase the trust and comfort of lenders and borrowers. 

By having a business license, the validity and existence of the company is increasingly proven. This is stated in the Permitted Certificate KEP-64/D.05/2021 issued by the OJK on August 2, 2021. 

The OJK permit has further strengthened the company to be able to channel new funding of IDR 700 billion in the next few years. 

“The company want to create a wider social impact in the country by providing access to financial inclusion and capital for local MSME entrepreneurs especially farmers through our ecosystem,” said Ria in an official statement, Saturday, August 21, 2021. 

Will Continue to Expand Services throughout Indonesia 

Armed with community support, TaniFund will expand its expansion outside Java, innovate products, and strengthen monitoring through advanced internal credit scoring. 

Not only that, continued Ria, with the OJK license, her party can invite more new lenders and encourage old lenders to increase their funding. 

The permit issued by OJK will make all lenders, both new and old, more stable with TaniFund’s readiness in curating its funding projects. 

Education in risk understanding is still routinely given by the company to lenders in accordance with the recommendations of the OJK and the Indonesian Joint Funding Fintech Association (AFPI). 

“Our goal through this license is to keep our TKB90 at 100 percent,” she said. Ria also emphasized that based on OJK regulations, lenders must be aware that there are still funding risks they will bear, for example, the risk of late payment or default. 

The company has an advanced credit scoring system, contracts with credit insurance, a reliable agronomist, and fulfills various directives from the regulator to mitigate the risk. 

TaniHub Group CEO Pamitra Wineka said that the OJK license is fuel for his party to continue to create social impact through providing access to capital and coaching to farmers. 

“TaniFund is expected to increase its contribution to the business in the future, following our strategy in the next few years to strengthen the upstream or upstream side so that it will increasingly have an impact on the Indonesian agricultural sector,” said Pamitra.