JAKARTA - Reflecting on satisfying business in 2019 and promising industry potential, Kredivo Indonesia is increasingly aggressive in expanding access to digital credit services for the people of Indonesia.
Alie Tan, CEO of Kredivo Indonesia said, "The achievement of Kredivo during 2019 was supported by several factors, mainly the development of innovation and technology, increasingly strong credibility, and the fintech industry condition that is increasingly in demand in Indonesia. Entering 2020, we are increasingly ready and optimistic to accelerate the rate of business growth up to two times, 30% of which are productive loans. We also plan to develop our services more broadly to cover education, health and sharia loans, of course by continuing to prioritize good user experience and user data security."
The number of loans in the Kredivo cash loan product category in 2019 increased by 100% compared to 2018, along with the number of active users who also experienced an average growth of 50% y.o.y. This year, Kredivo targets to channel Rp 4 trillion in cash loan services.
For information, the profile of Kredivo Indonesia users in 2019 is also still dominated by 86% of millennials in the age range of 18-35 years. (LM)