Modalku Focus On These 3 Sectors In 2018

By : Hariyanto And Aldi Firhand. A | Friday, January 26 2018 - 21:44 IWST

Modalku Group
Modalku Group - Jakarta - Lending and borrowing services provider based on information technology, Modalku will focus its fund distribution on three segments in 2018, namely trade, manufacturing and services.

"Our data show that at the end of 2017, about 87% of Modalku disbursement is intended for those industries," said co-founder and Chief Operating Officer (COO) of Modalku Iwan Kurniawan in Jakarta, Thursday (25/1/2018).

For the trading segment, Modalku will provide capital access to both "online" and "offline" business actors. Currently there are about 800 business actors in the trade sector who get capital assistance from my capital.

Then, for the manufacturing segment, Modalku will target business actors who own factories or who need raw materials to expand.

As for the service segment, some examples of businesses whose loans will be funded by Modalku include advertising service providers to "outsourcing" for security and hygiene personnel.

"This year my capital will be more active in the role of empowering SMEs, our hope is that Modalku's presence in the financial technology industry in Indonesia contributes to financial inclusion in Indonesia," he said.

Modalku is a trademark of PT Mitrausaha Indonesia Group, which was launched in January 2016 and supports MSME market in Jakarta, Bogor, Depok, Tangerang and Bekasi.

Starting in January 2017, Modalku expanded its service to Bandung area and since May 2017 to Surabaya area. UMKM borrowers with a minimum business turnover of Rp20 million per month can apply for a business loan without collateral up to Rp 2 billion.

In addition to Indonesia, Modalku as a borrowing service based on information technology borrowing has also been operating in Singapore and Malaysia under the name Funding Societies.

Collectively, Modalku and Funding Societies have disbursed Rp1 trillion in loans to more than 2,000 MSMEs with approximately 45 thousand lenders. Especially in Indonesia, Modalku has channeled more than Rp540 billion to about 1,500 MSMEs.

Implementation of business activities Modalku is supervised and regulated by OJK under the Regulation of the Financial Services Authority Number 77 / POJK.01 / 2016 concerning Borrowing Services Borrowing Money Based on Information Technology.

News Comment

Today's Industry

Collaboration and innovation is a common thread of various Business Twenty (B20) forums as an important part of G20 activities in 2022. (Foto:

Selasa, 21 Juni 2022 - 17:53 WIB

Inter Sectors Collaboration in Strengthening SMEs, Key for Post-Pandemic Recovery Acceleration

Indonesia owns an important role to support the world’s policy that prioritize various parties collaborations as the key to realize an inclusive world economy, included Small Middle Enterprises…

Collaboration and innovation is a common thread of various Business Twenty (B20) forums as an important part of G20 activities in 2022. (Foto:

Senin, 06 Juni 2022 - 21:35 WIB

Collaboration and Innovation, Key to support Inclusive Economy Growth

Collaboration and innovation is a common thread of various Business Twenty (B20) forums. This is an important part of G20 activities in 2022. That matters are also going to become a main key…

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.