Indonesia Dealbook: DANAdidik P2B lending platform for students; Pos Indonesia, GD Express pact

DANAdidik launched Indonesia’s first peer-to-peer lending for micro student loan while state owned postal operator PT Pos Indonesia inked a partnership with GD Express Carrier Berhad from Malaysia to strengthen its network in Asean.

DANAdidik launches micro student loan platform

DANAdidik has launched Indonesia’s first peer-to-peer lending for micro student loan that seeks to connect students seeking education loans to sponsors and lenders.

“DANAdidik’s mission is education equality in Indonesia. Education is one of the most productive investment a person can make,” said Dipo Ramli, CEO, Danadidik in a statement.

Indonesian financial institutions and banks typically offer credit card and/or unsecured loan to fund education. Often, these credits do not work well for borrowers as loan repayments usually start the following month.

Designed to fund education, the DANAdidik student loan has features like long tenor and repayment only post graduation.

PoS Indonesia, Malaysia’s GD Express pact

State-owned PoS Indonesia has tied up with Malaysia’s GD Express Carrier to strengthen its network in southeast Asia.

Pos Indonesia President Director Gilarsi Wahju Setijono said, the partnership is expected to boost profitability with lower delivery price to destination country.

“Malaysia has a population of 24 million people while Indonesia has 250 million. It’s a huge potential,” he said, after signing the cooperation agreement. The synergy is established to give the best value for postal service users through improvement in delivery time to destination country, from five days to a maximum of two days.

CEO of GD Express Teong Teck Lean added, that the cooperation is an avenue for his company to work on broader delivery express market in Indonesia, especially with the growth of e-commerce sector.

Pos Indonesia has around 16,000 officers throughout Indonesia. GD Express is Malaysia’s second largest courier company behind Pos Malaysia. GD Express operates 193 offices throughout Malaysia and has been listed on Malaysian stock market since 2005.

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