Jakarta, CNBC Indonesia – The extent of unhealthy loans at TaniFund, the fintech firm a part of TaniHub, may be very excessive. The Monetary Providers Authority acknowledged that TaniFund is now beneath particular supervision.
Director of OJK Fintech Supervision, Tris Yulianta, revealed details about the issue of low credit at Tanifund, which in keeping with him may be very complicated. Issues are usually not solely by way of administration, however there are issues associated to debtors.
“However there’s an influence on the borrower himself when he will get the mortgage, as a result of he’s within the agricultural sector, the success price of his harvest might not meet expectations,” he mentioned. “So you possibly can’t say that is simply the borrower, that is simply the administration, however that is the influence of two issues, sure the borrower does not match the anticipated stage of harvest, the danger administration can be not good.”
Till now, the tanifund.com web site continues to be inaccessible. This incident occurred in the course of final month, after the Tanihub Group subsidiary was sued on the KPPU and obtained sanctions from the OJK.
When opening it, there’s solely written notification if the system is beneath upkeep.
Since a while in the past, Tanifund has been recognized to file excessive ranges of unhealthy loans. In March 2023, CNBC Indonesia’s file, TKB90 TaniFund, was solely 36.07%.
TaniFund should submit an motion plan to the OJK by mid-2023. If the deadline can’t be met, the Tanifund mortgage allow will probably be revoked.
“If you cannot fulfill the motion plan, in the long run, you’ll revoke your small business license,” mentioned Tris throughout Halalbihalal AFPI, within the Senayan space, Friday (5/5/2023).
Associated to the motion plan in query is to settle all unhealthy debt obligations. And this course of continues to be beneath OJK supervision. They mentioned that they routinely talk with Tanifund at the very least as soon as each 2 weeks to ask about progress.
Till now, the progress Tanifund has made is accumulating payments, however the course of just isn’t vital.
“So unhealthy loans from lenders who had been busy yesterday have been partially withdrawn. However sure, it isn’t vital but,” mentioned Tris.
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