"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Senin (05/02/2024) dengan Tema Simak Potensi Kredit Macet dan Proyeksi Fintech P2P Lending ke Depan".
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00:00 Thank you, Mr. Mirsa, for joining us again in the CreateUp segment.
00:04 I'm Pris, a member of Sompodatu and a friend of mine.
00:06 And I'm Fajar Wayong, a member of Mirsa.
00:08 In CreateUp, we will discuss an interesting topic,
00:10 which is the potential of credit cloud and the projection of fintech P2P lending in the future.
00:15 And of course, it has been connected via Zoom with Mr. Melvin Mumpuni,
00:19 Founder and CEO of Finansialku.
00:22 How are you, Mr. Melvin?
00:24 I'm fine, Mrs. Pris, Mr. Fajar.
00:26 Thank you for joining us.
00:27 Maybe we should introduce Finansialku first.
00:30 Is it P2P lending or what?
00:32 And what solutions are provided?
00:35 Finansialku is a financial planning company.
00:38 We are the only financial planning company in Indonesia
00:41 that is concerned about financial literacy.
00:44 We help our clients, individuals, and families,
00:47 usually in financial planning and investment consultation.
00:52 We also have a lot of in-house training
00:54 or employee financial wellness for companies or corporates.
00:58 Something like that.
01:00 Okay. Yesterday, there was a person who was interested in paying for college,
01:05 was he recommended or given to him via P2P lending?
01:08 Is there a specific response from Mr. Melvin?
01:12 Yes, I want to give a different perspective.
01:15 So, because I'm also the same alumni at the same school,
01:21 so I want to give a different perspective.
01:24 So, from the campus, there are actually many options.
01:28 There are many options, including vacations and so on.
01:32 One of the options is to use online loans,
01:38 even though there are costs, fees, and so on.
01:42 But actually there are other options.
01:45 So, I think if it's just emphasized or emphasized from the tip,
01:49 it's not fair.
01:51 It should also be conveyed that other options have been given by the campus.
01:55 That's just one option to use the money earlier.
01:58 Actually, there are many other options.
02:00 Okay. In addition, Mr. Melvin,
02:03 there is also a new case related to the credit problem
02:08 on the P2P lending platform that has happened again.
02:11 And this time we just mentioned one of the big names,
02:14 namely Investree.
02:15 So, from my own financial, what does it look like,
02:18 with a high 90-day performance rate,
02:21 and a high percentage, what can be discussed?
02:24 Okay. So, while I was looking,
02:28 the level of payment success or the 90-day TKP of Investree was 96.63.
02:34 Well, it means that the level of payment failure is still around 3 points.
02:39 Well, is 96 a good number?
02:42 It's really good, but it's really bad.
02:45 More or less, in the industry, it's similar.
02:48 The other competitors are also in the 96% range.
02:51 Well, if I look at it like this,
02:53 so we as investors also learn,
02:55 it turns out that for the P2P lending business, there is a business risk.
02:59 What is the business risk?
03:01 That is, there is a failure to pay that is starting to increase.
03:04 But as an investor, we also learn,
03:07 it turns out that in this P2P lending,
03:09 in a certain condition, there is a risk of failure to pay.
03:13 Well, maybe it's the same as if we invest in debt.
03:17 There is a potential for failure to pay.
03:20 Okay. There is still a potential for failure to pay,
03:23 but we know that there are actually many other potential failures to pay.
03:28 But in your opinion,
03:31 what is it?
03:33 Not the aura, but the mind of people
03:36 when talking about P2P lending,
03:38 sometimes it falls down first.
03:40 Is there an effort that we can do
03:43 so that this P2P lending can be meant
03:46 how this can actually help?
03:50 Well, this is really good.
03:52 So if I always pay attention,
03:54 if I choose the P2P lending product,
03:58 we try to see,
03:59 how much profit, how much risk.
04:03 So I always compare between the return that can be obtained
04:07 and the worst risk that we can accept.
04:10 For example, there is a P2P lending company that says,
04:14 we have an insurance if we fail to pay,
04:18 there will be an insurance,
04:19 which will be returned 80% of our stake.
04:22 So how much is the loss? 20%.
04:25 How much is our profit?
04:27 For example, the profit is 15%.
04:30 Are you okay with the profit of 15%
04:35 but the loss is 20%?
04:37 Is it okay as an investor?
04:39 If it's okay, why not?
04:40 But if it's not okay,
04:42 then don't choose this investment,
04:45 choose another investment.
04:46 Because different P2P lending,
04:48 different brands,
04:49 there will be different offers.
04:51 There was also a P2P lending in the past
04:54 that had a gold guarantee.
04:56 So the loan we give
04:58 was only 80% of the guaranteed value.
05:02 That was also interesting for me at the time.
05:05 Okay, we'll dig deeper later,
05:08 but we have to stop first
05:10 and the audience will continue with us.
05:11 CreateUp will be right back.
05:13 Yes, the audience is back with us in CreateUp
05:15 and we will continue our discussion today.
05:17 And Mr. Melvin, I want to ask the next question.
05:20 From your observation,
05:22 what is the cause of the credit crisis in P2P lending?
05:27 Is it the screening that is not as tight as banks,
05:30 so that this becomes the main problem
05:32 of P2P lending itself?
05:34 That's a good question.
05:36 So I'll give you a picture first.
05:38 So now the condition is,
05:42 why is there a lot of,
05:44 or maybe the failure to pay has increased.
05:46 That's still from the impact of COVID-19 yesterday.
05:50 So from the impact of COVID-19 yesterday,
05:52 then many people who may not have returned their business,
05:56 have not fully returned,
05:58 so there is a difficulty in failing to pay.
06:02 Why haven't people's businesses returned?
06:06 Actually, Indonesia in 2023,
06:10 the lower middle class
06:14 was attacked by two major diseases,
06:17 and the numbers are very large.
06:19 One is online gambling.
06:21 Online gambling, the total loss is 200 trillion rupiah.
06:25 So that number makes small businesses,
06:28 why can't they pay P2P lending,
06:30 can't they pay the banks?
06:32 Because the business is tight.
06:34 Why is the business tight?
06:36 Because people who buy their business,
06:38 their customers, don't have money.
06:40 Why don't they have money?
06:41 Because of online gambling.
06:42 And the second, online illegal loans.
06:44 That's actually the big problem in 2023.
06:47 Then, is this customer selection
06:52 more loose than the banks?
06:56 Yes, because P2P lending is an alternative than the banks.
07:00 If it's the banks, we know,
07:02 there are 5C, there are collaterals,
07:04 there is capacity, and so on.
07:06 If it's P2P lending,
07:08 maybe the collateral is not as complicated or not as big as in the banks.
07:12 If it's more loose than the banks, yes.
07:15 But if it's lost, no.
07:17 Okay, and the promotion is more,
07:20 so even if it's not clean,
07:22 but when you open MetSource,
07:24 the promotion appears, it becomes an intention.
07:26 Okay, then from Mr. Melvin himself,
07:30 seeing you as a CEO from Finansialku,
07:34 is there a way to manage people's money
07:37 who may have been affected by P2P lending?
07:40 Or is it true that P2P lending is usually a problem
07:43 that is done by the lower class,
07:50 those who are usually trapped like that,
07:52 especially those who were affected by COVID-19 yesterday.
07:55 Actually, what is the role of Finansialku
07:57 to prevent P2P lending from being affected?
08:01 So, friends,
08:03 please distinguish between on-line loans and P2P lending,
08:08 because the two are different.
08:10 P2P lending is usually used for business activities.
08:15 Or the name is like this,
08:19 for example, we have an invoice,
08:20 the invoice is accelerated for payment,
08:23 usually P2P lending is the source there.
08:26 If it's an online loan,
08:28 the source is actually a payday loan,
08:31 not in P2P lending.
08:32 The type is a payday loan,
08:34 so those are two different things.
08:36 If it's on the internet,
08:38 let's say there's an 80 million loan to buy this,
08:42 that, and so on,
08:43 it's all in the form of a payday loan,
08:46 or the model is a KTA model,
08:48 the credit is consumptive.
08:50 If for example for P2P lending,
08:52 most of it is for business or productive loans.
08:56 If the problem was that
09:01 if in P2P lending, the flow is higher,
09:04 if compared to a bank, it can be higher,
09:07 because the risk is also higher than the risk of credit being banked.
09:12 Okay, so what is the last thing that needs to be done by the community
09:18 before putting the funds on a P2P lending platform?
09:22 Okay, so this is not just a platform,
09:25 but also an investment.
09:26 If we are in financial, there are several considerations.
09:29 So if we are consulting a client,
09:33 we handle the client,
09:34 there are at least seven,
09:36 but I want to say six first.
09:38 The first thing to pay attention to is the risk and return first.
09:41 Does it fit?
09:42 The second is time horizon and liquidity.
09:46 After risk and return, time horizon and liquidity.
09:49 What does it mean?
09:50 If we invest in P2P lending,
09:53 there is a key point,
09:56 there is a locking period.
09:58 Can it fit?
09:59 The same as liquidity will be a problem,
10:02 time horizon will be a problem.
10:03 So adjust it to the purpose of the investment.
10:06 Then there is the problem of tax and legal.
10:08 The tax is quite large,
10:11 and the legal must be under the CFO.
10:13 But in my opinion,
10:14 to choose a platform,
10:16 make sure one is already under the CFO.
10:18 Second, when we invest,
10:21 my advice is diversification.
10:23 Not just on one platform,
10:26 because there are 10 types of loans,
10:28 but diversified on several platforms.
10:31 Then maintain the portfolio in a balanced way.
10:34 What was mentioned about diversification,
10:37 I'll give you the data.
10:38 I see there are three P2P lending,
10:42 big names.
10:44 The one that was mentioned by Mrs. Frisa,
10:48 the investor is 96.63%.
10:50 If it's in P2P lending A,
10:53 it's 98.24%.
10:56 Then A, then B.
10:59 So if we have more funds for investment,
11:03 we can go to P2P lending.
11:05 There are a few things that need to be done,
11:07 according to Mr. Melvin and also from Finansialku.
11:09 Actually, we can dig deeper,
11:11 but unfortunately our time is limited.
11:13 Thank you very much for joining us in CreateUp.
11:16 Mr. Melvin, good luck to you and Finansialku.
11:19 See you again.
11:21 Thank you.
11:22 Thank you.
11:23 Before we end the show,
11:24 we update the price index position of joint stock,
11:26 where IHS G Pemirsa was opened in negative territory
11:30 and so far it's still weak,
11:32 or tends to weaken but stagnant,
11:34 because it only dropped 0.01% or 4 points,
11:37 7234 at 9 o'clock, more than 29 minutes.
11:41 Yes, top gainers, there is BMRI, up 1.5%,
11:44 BRPT up 2.38%,
11:46 there is Brent 4.55%,
11:48 there is Jika TPIA, Film, Cuan, and a number of others.
11:51 Okay, while the top losers are BBRI,
11:53 then there is Gotu Antam, CGAS, Metco, and also Arto.
11:59 Both top losers and top gainers,
12:01 it looks like they are both strong.
12:04 Okay, and Pemirsa, it's been 90 minutes,
12:07 we accompany you in Power Breakfast.
12:09 Yes, I hope today's discussion can be a reference
12:11 and of course a source of information for you
12:13 and keep updating your information only on IDX Channel,
12:15 your trustworthy and comprehensive investment.
12:17 My reference, Fadjar Wayong.
12:19 Yes, and I'm Prisa Somodhatu.
12:21 See you.
12:22 Thank you.
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