MSME Financing Through Online Loans Reaches Rp 35.12 Trillion

Online lending platforms in Indonesia are playing an increasingly vital role in supporting Micro, Small, and Medium Enterprises (MSMEs), channeling Rp 35.12 trillion in financing as of June 2026. This figure represents a significant 23.25% year-on-year growth and constitutes 33.41% of the total Rp 105.14 trillion disbursed by the fintech lending industry.

The Indonesian Financial Services Authority (OJK) highlighted this trend, noting that the aggregate non-performing loan (TWP90) rate for the sector was 4.26% in June 2026, remaining below the OJK's threshold of 5%. This indicates a healthy and sustainable growth trajectory for fintech lending in its support of MSMEs.

Agusman, Head of the OJK's Supervisory Executive for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML), stated that the fintech lending industry is becoming a crucial alternative funding source for MSMEs. He emphasized that this aligns with the OJK's policy to broaden and enhance access to quality financing, providing tangible benefits to the community.

Echoing this sentiment, Mukhamad Misbakhun, Chairman of Commission XI of the Indonesian House of Representatives, stressed the significant contribution of online lending to MSME financing. He called for strong synergy across various aspects, particularly in regulation, to ensure the industry has adequate space to grow through supportive legal frameworks and ecosystems. Entjik S. Djafar, Chairman of the Indonesian Joint Funding Fintech Association (AFPI), added that alongside aggressive growth, the industry must also develop healthily, responsibly, and sustainably through close collaboration among stakeholders, including government, investors, banks, and supporting ecosystems.