Investigation of the Impact of the Peer-To-Peer Lending Market on the Membership Motivation of the MSME

Abstract

FinTech has several activities in it, one of which is Peer-to-Peer lending. P2P (Peer-to-Peer lending) financing is an alternative for micro, small and medium enterprises (MSMEs) to obtain funding. This study identifies the benefits of MSME P2P lending. Analyzing credible sources through an interview process with MSME actors who have utilized peer to peer lending facilities. This study uses a qualitative method. Analysis shows that P2P lending benefits MSME. First, P2P lending offers easier and faster access to financing, which helps MSME get loans from traditional banks. Second, the P2P lending platform offers flexibility in loan terms that can be tailored to the unique needs of each MSME, increasing their chances of obtaining financing. In general, peer-to-peer lending requires very appropriate benefits for MSME actors.