Peer-to-peer lending (P2P) startup Modalku disbursed Rp1 trillion loans to 3,500 creditors (year to date). Founder and CEO of Modalku Reynold Wijaya said most of the company’s clients are small medium enterprises (SMEs) in Indonesia. He added the loan disbursement was higher than last year, whereas the loan disbursement growth last year was 10-fold from 2016 loan. Modalku charges interest of 15% to 35% per annum. The company received 3% of the fee.

Furthermore, the non-performing loan (NPL) of Modalku reached 1 per cent by June 2018. Modalku expected to maintain NPL level at 1% to 1.5%. Modalku uses the digital system to make the loan disbursement more targetted in order to maintain NPL level.