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10:54 AM ETKinerjaPay Corp. (KPAY)By: Liz Kiesche, SA News Editor
KinerjaPay (OTCQB:KPAY) +18% after announcing it's ready to start its own application for micro-lending in Indonesia.
Trading at $1.12 this morning, the shares are still less than half its 52-week high of $2.84, reached on Oct. 16.
Trading volume at 50,805 vs. three-month daily average 97,541.
KinerjaPay will mainly target the consumer sector to provide loans in the range of $100 to $1,000 on biweekly or monthly terms.
The company will get a 5% fee from the transactions, and estimates 1,00 transactions in the first few months of the launch.
Source: Press Release
