Hello there, I'm Andreaw from Indonesia. I'm working in a fintech p2p lending company in Indonesia. We are the only fintech company in Indonesia being owned by a coop. Our main focus is to enable communities of SMEs to get access to loans and support. I'm here to learn more from you guys and finding inspiration about what other people have done in other parts of the world. So that maybe I can apply it in my country.

@mattcropp Thanks for the boost Matt! I'm not really an active social media user before. But I'll try my best to also contribute to this community.

@andreawfeng Nice! One project I'm worndering if you're already aware of that sounds related to what you're working on is Moeda in Brazil?

@mattcropp I'm not aware about Moeda before. This is pretty much what we want to accomplish (minus the blockchain). We might be able to learn new things observing Moeda. Thanks for mentioning it Matt!

@andreawfeng Cool! I put a little bit of ETH into their ICO back in 2017, and it's been pretty much the only ICO project I've continued to seriously follow since the craze.

Plenty of work to be done, but they've done a few cycles of seed projects, and have built some interesting infrastructure and partnerships in Brazil.

I'd be curious to hear your take if you have a look...

@andreawfeng hello from a fellow Indonesian! (though I don't live there anymore). fintech and coop sounds like an interesting combination!

@michel_slm Hello Michel, didn't expect to find a fellow Indonesian in this platform. Nice to meet you.
Done right, it is gonna be an interesting combination. The goal of fintech is to realize financial inclusion, and what is the best tool to realize that other than coop? The coop as the base and we expand the reach using technology.

@LeoSammallahti Right now we are a normal enterprise being owned by a coop in Indonesia. The coop is a pretty traditional coop with around 2k members. The coop has been supporting MSMEs using a traditional approach since 2013. We as a fintech company is their effort to build a platform to support the community and expand their benefit to more members.
Sorry we don't have an english page yet for the coop and the fintech company.

@andreawfeng May I suggest a focus on support as opposed to loan? Being a practitioner of #worldremit partnerships between #locationlucky folks like me who can spare a couple of 100 euros/months and middle class friends e.g. in Lagos for whom receiving 100 Euros/month makes a difference, I can’t help advising against loans. To dare certain projects, you need to know the cash is truly yours, no strings attached, no payback, and that there is more coming, preferably for a defined time.

@Troim Thank you for the suggestion!
Why do you think that loan is not effective?
Do you think that giving them capital through equity is better than a loan?

@andreawfeng To take on a loan, thoughtful folks will need very good odds, a prerequisite that in turn excludes a lot of promising initiatives. Give them cash they don‘t need to pay back, a minimum level of material security, and a whole new range of options come within reach. Not all will succeed in what they dare, but you can trust those who do to remember how they got started, and fund the next round.

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A Fediverse instance for people interested in cooperative and collective projects.