Unhealthy Credit score at Tanifund is Unhealthy, OJK Reveals the Cause

Jakarta, CNBC Indonesia – The Monetary Companies Authority (OJK), said {that a} monetary expertise (fintech) firm, Tanifund, is below particular supervision.

OJK requested for an motion plan with a deadline given till the center of this yr. If till the time restrict given by Tanifund can’t fulfill the motion plan, strict motion can be taken, particularly revoking the allow.

“If you cannot fulfill the motion plan, in the long run, you’ll revoke your small business license,” mentioned OJK Director of Fintech Supervision, Tris Yulianta 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 below OJK supervision. They mentioned that they usually talk with Tanifund at the least as soon as each 2 weeks to ask about progress.

Till now, the progress Tanifund has made is gathering payments, however the course of shouldn’t be vital.

“So unhealthy loans from lenders who had been busy yesterday have been partially withdrawn. However sure, it isn’t vital but,” mentioned Tris.

Tris additionally supplied details about the issue of adverse credit at Tanifund which in line with him was very complicated. Issues will not be solely by way of administration, however there are issues associated to debtors.

“However there’s an impression on the borrower himself when he will get the mortgage, as a result of he’s within the agricultural sector, the success fee 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 impression of two issues, sure the borrower does not match the anticipated degree of harvest, the danger administration can be not good.” he concluded

Till now, the tanifund.com web site continues to be inaccessible. This incident befell in the midst 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 below upkeep.

Since a while in the past, Tanifund has been recognized to document excessive ranges of unhealthy loans. In March 2023, CNBC Indonesia’s document, TKB90 TaniFund, was solely 36.07%.

[Gambas:Video CNBC]

(dem)