Modalku Penetrates Market Traders

By Editorial Team 05/09/2019
Summary

Modalku began to penetrate market traders. This peer-to-peer lending platform launched Modal Pasar, a financing service for local market traders on Wednesday (9/4). Traders can get business loans of up to Rp 25 million through this financing service, with a short tenor according to the borrower’s needs and without collateral. Modal Pasar aims to be a cash flow solution for traders.

The market traders deal with lousy cash flow as the primary financial challenge. Those who always need a supply of goods must have a smooth cash flow. Currently, the Modal Pasar operations are still focused on traditional markets in Jakarta. Modalku is continuing its educational efforts in the Jakarta markets. This startup, which operates under PT Mitrausaha Indonesia Grup, hopes to expand its service to market traders in other cities in Indonesia soon.

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