Loan quality falls on Indonesian P2P lending platform TaniFund

Photo by Maksym Ivashchenko on Unsplash

Indonesian agritech startup TaniHub Group’s move to double down on its peer-to-peer (P2P) lending platform, TaniFund, does not seem to be going as per plan. In recent months bad loans — measured by TKB90 levels — and complaints from retail lenders on the platform have increased.

TaniHub Group had already made headlines earlier this year for closing all of its B2C services and closing its warehouse in Bandung and Bali as part of the efforts to sharpen its focus and accelerate growth through B2B activities.

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