In Indonesia, there is a need from the community for cash funds to cover urgent needs, including paying extra fees for school children. We find the fact that the community's need for cash in small amounts still cannot be met by existing loan institutions.
According to the 2014 KPMG Microfinance Study, the micro loan market segment in Indonesia is still very large. The report explains that there are 105 million Indonesians with income of around Rp. 60 thousand per day which still requires access to micro loans. The market loan segment that has great potential has not yet been worked on by banks and other financial institutions. According to Bank Indonesia data (2014), the portion of new micro loans reached 4% of total loans.
UangTeman is part of PT Digital Alpha Indonesia and Digital Alpha Group Pte Ltd, one of the financial digital companies in the Southeast Asia region that provides short-term loans for consumption or business purposes.
We only provide loans to the people of Indonesia and currently serve the Greater Jakarta area, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi and Balikpapan. UangTeman aims to provide online financing, anywhere and anytime as an alternative to conventional bank lending or other financing companies. Our services are very simple, transparent and flexible.