Who can lend money on KoinWorks?

Anyone aged 18 or above who lives in Indonesia and subject to the laws of Indonesia. Currently we only have presence in the Jabodetabek area. If you are from outside Jabodetabek area, you may still use our service  but please note that our services to you might be limited. Contact our customer support to learn more.

Is my funds safe in KoinWorks?

Lenders’ funds are stored and operated in a separate bank account dedicated solely for our customers. KoinWorks only runs transactions on that account based on our customers’ instructions on the platform. Customers can always access their funds through their KoinWorks account.

Who are the Borrowers?

At KoinWorks you lend directly to real people and real businesses, not in abstract financial paper products. Our borrowers apply for loans for constructive purposes, such as growing their business, getting their finances into a better shape, education and health.

All KoinWorks borrowers must complete several screening and verification processes to get a loan. They will be also put through a credit analysis process that include borrower’s credit reports, loan applications and our proprietary algorithm to evaluate their credibility and ability to service the loan. Keep in mind that our loans have different grades, categorized based on their different levels of risk.

How does it work on lenders side?

We cut the costs and inefficiencies prevalent in traditional banking and give more values to borrowers and lenders. Creditworthy borrowers are connected to Lenders who look for better returns.

After borrowers applications get verified, evaluated and KoinWorks determines the credit scoring and interest rate. After that the loan request is presented to lenders for open bid.

How do you manage risk?

Defaults is a part of a reality in lending activities as there are always risks that borrowers cannot repay their loans. We advise that lenders read the information here and in other sources so that they thoroughly understand the risks associated with lending their money.

Given these risks, KoinWorks manages risk in a number of ways:

Quality and Rating

We use Big Data to complement or replace conventional methods and run our proprietary algorithm. Only qualified borrowers are approved.

For qualified borrowers, we assign credit grades on loans that pass our credit assessment. Loans are graded from A to E based on their risk level with 5 subgrades each. Riskier loans are assigned higher interest rates to compensate the lenders for taking more risk.

Provision fund

As part of our commitment to protect Lenders, KoinWorks sets aside capital to set up the Fund and will forego part of our revenues to continue adding to it. The fund is dedicated to limit the losses from our Lenders in the event of borrower default.

Customizable Portfolio

Because our Platform enables you to fund loans in small increments, you can spread your funds into various allotments of loans with different risks, interest rates, lengths, industries and other differentiating features which will fit your investment goals.

Reputable Partners

We work with great partners to ensure better-quality underwriting of loans and to provide a better experience for our members.

Data Protection

All data sent from your browser to our websites is encrypted using industry standard SSL. Our websites and databases are hosted in a secure data center, are encrypted and are regularly backed up. The data center operates firewalls and other security mechanisms which are maintained and monitored. The access to your account is through a password protected mechanism and using OTP sms sent to your mobile phone.

What if the borrower passed away?

KoinWorks has taken steps to protect lenders if a borrower pass away while their loan is still active, by working with Allianz to provide a life insurance for the borrower.

What happens when there is a loan that has defaulted?

When a borrower miss several payments and is no longer willing to continue their payment, the loan will labeled as a loan in default. This condition occurs if a loan is 90 days past due or if the borrower refused to make payment.

When a loan is late or has defaulted, KoinWorks collection team will attempt to collect the outstanding payments using the best practices in the industry and as is regulated by Indonesian law.

What is the minimum/maximum amount of money that I can lend?

Once you've joined as a lender you can lend starting from 100,000 Rupiah. There is no maximum to your lending, but we advise you to diversify your lending to a multitude of loans.

How do I transfer fund to KoinWorks?

Once you have registered and activated your account, you will be assigned with a unique virtual account. The information of your virtual account can be found on the lender’s dashboard.

When will I get the repayment of the loan?

Your available cash can be withdrawn anytime you want through lender’s dashboard. Once you request a withdrawal, the fund will be transferred to your bank account.

Interest rate

Please note that the loans may have various grades depending on the level of risks

A B C D E
Effective Interest Rate* 15-19% 19-24% 24-29% 29-34% 34-38%
* per annum

Why should I get connected?

On KoinWorks we have features that require you to connect your social media accounts so that you can benefit from it. We strongly suggest you to connect to help us to calculate the connection between you and the borrowers. Because at KoinWorks we believe that it is the connection that works.

How do I start investing?

How do I start investing?

Upon registration and account verification process, you can browse for your potential borrowers. Click here to register as lender.

Start bidding!

The progress bar indicates funding progress for current active loan requests. If the progress bar reaches 100%, it indicates that the loan request already has the desired amount of fund and can no longer accept any bid.

You can place your bid starting from Rp 100.000,-. You can choose to bid in one or multiple loans at the same time. There is no limit for how many loans you can choose, but to secure your bids make sure you have the right amount of fund/balance in your account before placing your bid. Find all active potential borrowers here.