Indonesia launches P2P lending for student loans

DANAdidik, Indonesia’s first P2P lender of micro student loans launched yesterday, with the aim of providing equal educational opportunities for local students.

Press Release •

DANAdidik officially launched Indonesia's first Peer-To-Peer Lending for micro student loan. A step to provide an equal education opportunity for Indonesian students.

DANAdidik officially launched Indonesia’s first Peer-To-Peer Lending for micro student loan. A step to provide an equal education opportunity for Indonesian students. DANAdidik facilitates: (i) students that are looking for education loan and (ii) sponsors or lenders that want to lend student loan. DANAdidik acts as a social alternative investment that can provide return and self-recycle.

Indonesia financial institutions and banks typically can only offer credit card and/or unsecured loan (KTA) to fund education. Often, these credits do not work well for borrowers, since loan repayments usually starts the following month. DANAdidik student loan is designed to fund education; having key characteristics such as (i) long-term tenor and (ii) loan repayment only starts after graduation.

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Any students that will work after graduation, college students and/or vocational students, can apply at DANAdidik in a matter of minutes. Once a loan application is submitted and reviewed, students are allowed to list its profile and youtube campaign to attract sponsors or lenders.

About DANAdidik

DANAdidik’s mission is education equality in Indonesia. DANAdidik is a crowdfunding site (also called Peer-To-Peer Lending) specifically for student loan in Indonesia.