PROVISION FUND

Rp. 1,396,249,599.69

  • 0.20% NPL
  • Last Update: Desember 2017

KoinWorks takes special care to ensure that every loan underwriting is well-processed and the borrowers are creditworthy, however, investment still contains various risks, and loan default can occur. There is no absolute prevention method when it comes to risk, but, to protect our Investors’ fund whenever there is a loan default, we initiatively set aside part of our revenues to indemnify the loss of our Investors’ fund.

How Protection Fund Works ?

Borrower failed to make payments more than 90 days without clear explanation

Loans marked as default

Loans waived

Protection funds transferred to Lenders

Example :

  • - If a loan had an original sum of Rp. 50,000,000,-
  • - And the borrower has made 4 monthly repayments of Rp 10,000,000,- before defaulting, then
Capital Loss =
Rp. 50,000,000 - Rp. 40,000,000 = Rp. 10.000.000.-

The Level of Protection

KoinWorks provides several levels of protection to compensate investor’s investment fund in various loan categories. The difference between protection levels is aimed to prevent excessive risk taking and to make diversification in investment much easier. We believe that building a profitable investment portfolio and diversified in various loan categories and different industries is the best method to allocate your investment fund through our platform.

The Provision Fund provided by KoinWorks by no means that your investment fund will be 100% safe. It is limited to the available amount of Provision Fund at the current time, and it is not covered or mandated in government’s regulations. The Provision Fund is just a form of initiative made by KoinWorks. KoinWorks will conduct periodic reviews on loan performance and will regularly update our policy regarding the Provision Fund.