Sinar Mas Fintech Platform (SMMA) Danamas Calls Borrower Segment Not Too Affected by the Pandemic

The productive sector peer-to-peer financial technology (P2P fintech) lending platform, PT Pasar Dana Loans or Danamas is not too worried about its performance being affected by the surge in the Covid-19 pandemic volume II and social restrictions that the government has re-imposed.

President Director of Danamas as well as Director of PT Sinar Mas Multiartha Tbk. (SMMA) Dani Lihardja explained this because his target borrower segment was not too affected by the pandemic. "The Danamas segment has always remained, namely short loans for the small business sector, pulse traders, farmers, and breeders, so that so far the commodities financed by Danamas investors are not too affected by the pandemic and social restrictions," Dani explained that their risk of default is is also relatively low, not only because the loans are short, but also because they have a 'guardian' who works closely with Danamas. For your information, most of Danamas' mainstay borrowers are based on agency ecosystems, such as credit agents, logistics, COD service providers, fruit farmers, and breeders, which are under the auspices of large corporations or related business entities called coaches.

|•SOURCE•| Articles :BISNIS | Image :TECH IN ASIA |

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