Small and medium businesses in Indonesia face a gap between the finance they need and the amount they can borrow from the financial industry , and this could help , writes Sonny Joseph . Indonesian Banking Statistics data shows the SME sector receiving IDR951.7tn ( $ 70bn ) , 19 % of the total banking credit of Indonesia , in October 2018 , leaving a IDR1,320tn funding gap . Fintech lending companies bridge the gap between SMEs and less traditional funding sources by developing technology that is easily available and visible to SMEs . Their access to capital is relatively good. They also offer faster turnaround along with short - term and smaller loans compared to traditional banks .
Small and medium businesses in Indonesia face a gap between the finance they need and the amount they can borrow from the financial industry , and this could help , writes Sonny Joseph . Indonesian Banking Statistics data shows the SME sector receiving IDR951.7tn ( $ 70bn ) , 19 % of the total banking credit of Indonesia , in October 2018 , leaving a IDR1,320tn funding gap . Fintech lending companies bridge the gap between SMEs and less traditional funding sources by developing technology that is easily available and visible to SMEs . They also offer faster turnaround along with short - term and smaller loans compared to traditional banks .