The P2P starts in early January. Funding isn't a necessity. The loan money comes from investors (the lenders). KFUND facilitates the loans, makes money off transactions and interest. They can begin the p2p with $80,000 of paid in capital to OJK.
Whats not to like. Whats the overhead for the business? Up until now, we had KMall and KPay. This is what I've been waiting for. A regulated business, with a soon to be cap on the number of companies.
Were all so worried about the "awful" 3.5 in notes. All you have to have is an ability to read. I challenge anyone here to look at the list of registered lenders, take 10 of them and go to their websites and read. It's not even hard to do. Most have it right on their homepage, the amount of loans disbursed.
Funding would be great. All it would mean is they could accelerate marketing. So instead of having a little patience, everyone who demands success overnight would get their wish. Or we watch the number of loans climb month after month, like every other company in the business, and see who wants to invest then.
Also, show me one company on the list of registered companies who has went out of business. I'll wait.