KinerjaPay Corp (fka KPAY)

[John23V]

The fact that they have no money to lend is correct. Thats what this business is. Indonesians funding loans for other Indonesians. Banking institutions using KFUNDS p2p permit to fund loans through KFUND.

I would refer you to this : https://www.whitecase.com/publications/alert/peer-peer-lending-regulation-released-ojk

Scroll down to where it says "Prohibited activities: Providers are prohibited from conducting specified activities, including: (i) conducting any business activities other than as regulated under the Regulation; (ii) acting as lender or borrower; (iii) providing guarantees for third party’s liability; (iv) providing recommendations to users; (v) issuing bonds/debt securities (e.g. promissory notes, or medium term notes); and (vi) conducting direct marketing to users or the public through personal communication media without user consent."

They are a facilitator and make money off transactions. When you see the PRs of p2p companies getting funding, read what they say it will be used for. Its not to provide loans, its for marketing and infrastructure to scale up operations.

As far as potential investors go. If the site is functional and has users, investors or partnership will come. Banks arent being exclusive to one platform. Search Bank Mandiri, and their venture capital subsidary. Investors have 164 (less minus Shariah) to choose from. Even less than that if they want a company going after all types of borrowers. Some of the permited companies are only p2p for agriculture.

Monetary incentives may happen when the p2p companies lose their leverage over the banks. They are taking the banks customers right now. The only tool a bank has to offer is its existing customer base and funding for every loan that comes through the platform. Banks could apply for a p2p license, but like i said in another post, you think theyre going to go to the markets, farms, rural areas to sign these people up? They havent done it yet. Why not just partner with the person stealing all your business.