Education Center

What is KoinWorks?

We dare you to make a difference!

We provide an online platform marketplace to connect lenders and small to medium-sized Business owners. KoinWorks aims to democratize finance in Indonesia by reducing costs and making it easier for everyone. Join the community, and be a part of this innovation.

How it works

KoinWorks is an online platform to borrow and lend money where business owners are matched with potential lenders. This online system reduces the costs and inefficiencies of traditional banking and gives more values to borrowers and lenders.

KoinWorks provide loan assessment,  loan servicing, and the technology to deliver better better experience to both lenders and borrowers. KoinWorks charges a low fee, and we’ll inform you all the applicable fees in advance.

Also, we only charge when our customers’ transactions are successful.

How is KoinWorks regulated? (PT. Lunaria Annua Teknologi) is a leading information technology-based money lending service provider. Borrowing and lending activities are carried out by using peer-to-peer lending (P2P Lending) method following OJK regulation No. 77/POJK.01/2016.
OJK regulation stipulates that the provider is also a financial service institution taking responsibilities to provide, manage, and operate (platform). All contents published on are addressed to provide all information related to financial issues but not in the form of offers or recommendations.
By signing up either as an investor or as a borrower, all users are considered to be knowing and understanding all services and its risks on

How do I contact KoinWorks?

If you have more inquiries about borrowing or lending, drop us an email at or call 021-30482280 during our office hours, Mon to Fri 09:00-18.00 (GMT +7).

I was given an instruction to deposit to my Virtual Account. What is this?

A Virtual Account is a unique virtual bank account number that is provided by our bank for every User on KoinWorks. Using this, we can more quickly identify our users’ fund transfers.


Peer lending in Indonesia is not yet recognized as a specific industry or business model, and as such Indonesia does not have regulations specific for peer to peer lending. As such, for the products and business to be legal, it has to follow currently existing regulations which are applicable.

KoinWorks has consulted with our legal counsel and OJK regarding our business activities. From there we have marked regulations which are applicable to us, or have modified our activities to conform to those rules.

We have listed a part of them below:

  • Undang-Undang No. 8 tahun 1995 on Capital Markets (tentang Pasar Modal)
  • Undang-Undang NO. 21 on the Financial Services Authority (tentang Otoritas Jasa Keuangan)
  • Peraturan Pemerintah no. 82 tahun 2012 on Electronic System Transactions (tentang Penyelenggaraan Sistem & Transaksi Elektronik)
  • Surat Edaran Direksi Bank Indonesia nomor 21/31/UPG tahun 1988 on Money Market Instruments (tentang Perdagangan Surat Berharga Pasar Uang)
  • Undang-Undang no 7 tahun 1983 on Taxation (tentang Perpajakan dan berbagai revisi-nya)

This list is not an exhaustive one, but they are important guidelines in designing our products and activities.

As it is not recognized as an industry yet, OJK does not have direct oversight of it. For now OJK has formed a task force to draft regulations for crowd / peer to peer finance industry, of which peer to peer lending is one type of the businesses in that classification. OJK will also be observing the performances of the currently existing businesses in this group.

Usually, OJK will be taking these observations as well as industry reviews as inputs to the draft regulation as it goes through several iterations of reviews and revisions. The time it takes from conception to a formal regulation varies by cases, but we expect peer finance to have a regulation in place within 2 years.

We believe that regulation by OJK will be a positive factor to the development of a sustainable peer finance industry. As such we endorse the effort by OJK and we will seek to make an active contribution. We will regularly update our Members on the developments of regulations on the peer finance industry.


In general, applicable taxes arising from transactions on the Platform are the responsibilities of our Members to file and pay. For lenders, we advise them to make one two possible filings:

  1. Final tax on interest income of 15% (link) OR
  2. Income tax on the NET gains.

The first option is better when there is zero or very minimal default in your loan portfolio, while the second is preferable to offset losses from loan defaults. These two options are by no means the only ways to file your taxes. We suggest lenders to consult with tax consultants to make their applicable tax rate more efficient.

For borrowers, there is no applicable tax arising from taking out a loan as long as it is recognized as a cost. However, when borrowers default on a loan then they are obliged to recognize the original proceed from the loan as a revenue in their tax filing.

This short guide is written to the best of our understanding with the help of our tax advisors. It is not meant as an lending advice, and we do not guarantee that the content here is up to date and is accurate. We advise Members to consult with a tax consultant to better understand the tax implications and the best way to make their tax filing.