Fintech Peer-to-Peer Lending (P2PL): A Long-Term Microeconomic Finance Problem in Indonesia
##plugins.themes.EpsilonTheme.article.main##
Riendita Restu Pardani*
Febrian Kwarto
This study analyzes the long-term impact of Fintech Peer-to-Peer (P2P) Lending on Indonesia's microeconomy. These platforms have rapidly expanded, improving financial access for those underserved by traditional institutions. While P2P lending offers easy loan access and promotes financial inclusion, concerns exist regarding its effect on borrowers' long-term financial stability and the microeconomy as a whole. Using a descriptive qualitative method and case studies, the research gathered insights from borrowers, P2P providers, and consumer protection experts through in-depth interviews. Results indicate that, despite providing short-term solutions, P2P lending presents risks such as rising debt, high default rates, and inadequate credit oversight. Additionally, regulatory uncertainties and low public financial literacy further compound these challenges. The study calls for stricter regulations, enhanced financial education, and greater transparency from P2P lending providers. The findings aim to help policymakers develop effective strategies to maximize the benefits of financial innovation while minimizing long-term risks for all stakeholders.
Arikunto, S. (2010). Prosedur penelitian suatu pendekatan praktek. Rineka Cipta.
Avianti, I., & Triyono. (2021). Ekosistem Fintech Di Indonesia. PT. Kaptain Komunikasi Indonesia.
Bahadiani, B. P., & Hutagalung, J. R. R. (2022). Fenomena Tingginya Konsumsi Kelas Menengah Pada Sistem Pinjaman Online Berkedok Hutang Dahulu Bayar Belakangan. Saskara : Indonesian Journal of Society Studies, 2(2). https://doi.org/10.21009/saskara.022.04
Chrisjanto, E., & Tajsgoani, N. (2020). Karakteristik Hukum Fintech Ilegal Dalam Aplikasi Transaksi Pinjaman Online. Jurnal Meta Yuridis, 3(2). https://doi.org/10.26877/jm-y.v3i2.5859
Kurniawan, K. (2023). Does Banking Waiver Help SMEs to Survive during the Pandemic? The Role of Innovative Financial Practices. Jurnal Keuangan Dan Perbankan, 27(1). https://doi.org/10.26905/jkdp.v27i1.9593
Kusuma, H., & Asmoro, W. K. (2021). Perkembangan Financial Technologi (Fintech) Berdasarkan Perspektif Ekonomi Islam. Istithmar : Jurnal Pengembangan Ekonomi Islam, 4(2). https://doi.org/10.30762/itr.v4i2.3044
Kusumawardani, M., Soediro, A., Farhan, M., & Adhitama, F. (2023). Strategi Hutang Aman Dan Syariah Serta Cerdas Dalam Menyikapi Pinjol (Pinjaman Online). Reswara: Jurnal Pengabdian Kepada Masyarakat, 4(1). https://doi.org/10.46576/rjpkm.v4i1.2364
Moleong, L. J. (2021). Metodologi penelitian kualitatif. PT Remaja Rosdakarya.
Najib Putri, R. H., & Yuliana, I. (2023). Pengaruh pertumbuhan ekonomi terhadap tingkat kemiskinan dengan pengangguran sebagai mediasi di Probolinggo. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(6). https://doi.org/10.32670/fairvalue.v5i6.2531
Panjaitan, F., Setowati, S. M., & Mahulete, Y. C. (2024). Peer To Peer Lending : Generation Z Attraction Factors and Future Implications. TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN, 4(4), 422–437. https://doi.org/10.55047/transekonomika.v4i4.678
Qinvi, N. U., & Hutagaol, H. D. (2022). Kewenangan Pemerintah Dalam Pengaturan Pinjaman Online Di Google Play Store. SALAM: Jurnal Sosial Dan Budaya Syar-I, 9(4). https://doi.org/10.15408/sjsbs.v9i4.26456
Rachmawati, A., & Yudhawati, D. (2022). Gaya Kognitif Konsumen Pada Fintech Peer To Peer Lending Terhadap Literasi Keuangan. Psycho Idea, 20(2). https://doi.org/10.30595/psychoidea.v20i2.13065
Sastradinata, D. N. (2020). Aspek Hukum Lembaga Pinjaman Online Ilegal Di Indonesia. Jurnal Independent, 8(1). https://doi.org/10.30736/ji.v8i1.115
Sidiq, V. A. R. A., & Setiawan, H. (2022). Analisis Framing Pemberitaan Kasus Pinjaman Online Warga Negara China pada Media Online CNNIndonesia.com dan Nasional Tempo.com. Edukatif : Jurnal Ilmu Pendidikan, 4(1). https://doi.org/10.31004/edukatif.v4i1.1935
Sitompul, M. G. (2019). Urgensi Legalitas Financial Technology (Fintech): Peer To Peer (P2P) Lending Di Indonesia. Jurnal Yuridis UNAJA, 1(2). https://doi.org/10.35141/jyu.v1i2.428
Sugangga, R., & Sentoso, E. H. (2020). Perlindungan Hukum Terhadap Pengguna Pinjaman Online (Pinjol) Ilegal. Justice Journal Of Law), 1(1), 47–61.
Syarifah, S., Winarno, W. W., & Putro, H. P. (2020). Analisis Karakteristik Penggunaan Aplikasi Peer To Peer Lending Fintech dengan Model PCI. Jurnal Media Informatika Budidarma, 4(2). https://doi.org/10.30865/mib.v4i2.2059
Widjaja, G., & Yani, A. (2000). Hukum tentang perlindungan konsumen. Gramedia Pustaka Utama.
