Siahaan, Antonius TP. THE ROLE OF PEER TO PEER (P2P) LENDING SYSTEM TOWARDS MICRO, SMALL & MEDIUM (MSME’s) ENTERPRISES FINANCING IN IMPROVING FINANCIAL INCLUSION & LITERACY STRATEGIES IN INDONESIA (STUDY CASE ON MILLENNIALS & GENERATION Z) Dr. Antonius Siahaan, SE, Ak, MM, CA. In: SGU SYMPOSIUM 2022, 19 October 2022, Tangerang, Indonesia. (Unpublished)
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Abstract
The study aims to understand the development and benefits Peer to Peer Lending in its role in supporting the growth of micro, small and medium enterprises in Indonesia which will simultaneously increase the growth of financial inclusion & literation rates in Indonesia with specific objectives is to analyze the factor that contribute to MSMEs decision in taking loans through P2P lending. By knowing factors that influence the preferences of millennials and Generation Z in choosing fintech – Peer to Peer(P2P) lending in obtaining financial support for their business financing, we can design policies and various advocacy to encourage the growth of P2P fintech in Indonesia and find out what financial products really needed by MSMEs. This study uses a quantitative approach to determine and measure the effect of independent variables on the dependent variable related to financing factors with statistical data and also used qualitative approach through a secondary data approach obtained from a literature review sourced from books, journals, related sources. The study respondent consists of 277 micro small medium enterprise in Java Island, Indonesia which domiciled in Jabodetabek and outside jabodetabek. The study focuses on micro small medium enterprise that used P2P lending to support their business, therefore, type of MSME divided into three types of industry i.e., manufacture, trading and service. Study shows that the majority type of respondent from trading industry with 53.3%, followed by service industry with 26.9% and manufacture with 19.8%. the majority respondent was domicile outside Jabodetabek with 33.9%, followed by Tangerang (27.3%), Jakarta (22.9%) and Bekasi (15.9%). The research used structural equation model (SEM) with partial least square (PLS) to find the relationship between exogenous and indigenous and also it predicts the construct variable of the study (Garson, 2016). From five hypotheses that we developed we found only two hypotheses are supported in the model which are Performance Expectancy and risk appetite which shows that the P2P lending are supporting the MSMEs financing performance, while the other three hypotheses which are effort expectancy, social influence, and facilitating condition are rejected. Keyword : Financial Inclusion, P2P Lending, MSMEs, Financial Literacy, Fintech
| Item Type: | Conference or Workshop Item (Paper) |
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| Subjects: | H Social Sciences > HG Finance |
| Depositing User: | Antonius Siahaan |
| Date Deposited: | 13 Apr 2023 02:45 |
| Last Modified: | 13 Apr 2023 02:45 |
| URI: | http://repository.sgu.ac.id/id/eprint/2560 |
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