Layanan Pendanaan Bersama Berbasis Teknologi Informasi or LPBBTI (Peer-to-Peer Lending) is a financing scheme utilizing a crowdfunding approach where Batumbu offers a marketplace that gathers Lender and Borrower within the Batumbu Platform.Borrower will obtain a loan facility from one or group of Lender after undergoing a thorough risk analysis conducted by Batumbu in accordance with the procedures outlined in POJK-LPBBTI and other prevailing regulations.

The loan amount provided to each Borrower will vary, with a minimum amount of IDR 10,000,000 (Ten Million Rupiah) or a maximum amount of IDR 2,000,000,000 (Two Billion Rupiah) subject to the result of risk analysis performed by Batumbu.

Batumbu is prioritizing productive funding, i.e., funding provided to businesses or individuals for its working capital to run or expand its business activities within the Micro, Small, and Medium Enterprises (MSME) segment. Batumbu refers to these Borrowers as Batumbu's MSME.

Batumbu is registered and holds a license for its business activities issued by the Otoritas Jasa Keuangan (OJK). To date, Batumbu consistently follows and implements compliance and prudence principles when funding Batumbu's MSME.

TKB90 is the success measurement rate in Peer-to-Peer Lending Fintech Platform and also applicable in Batumbu by facilitating the loan repayment from the Borrower within the period of up to 90 (ninety) days from the expendience date of each Funding.

At all times, Batumbu performs a creditworthiness analysis and risk of Funding in a reasonable, exhaustive, and comprehensive approach to mitigate the risk of payment failure of specific Funding provided by Lender to the Borrower through the Batumbu Platform. However, the risk of payment failure in Funding activity remains and cannot be waived, as it is commonly practiced in other typical investment or funding activities.

At all times, Batumbu performs a creditworthiness analysis and risk of Funding in a reasonable, exhaustive, and comprehensive approach to mitigate the risk of payment failure of specific Funding provided by Lender to the Borrower through the Batumbu Platform. However, the risk of payment failure in Funding activity remains and cannot be waived, as it is commonly practiced in other typical investment or funding activities.

Batumbu always takes preventive measures and monitors the security of user data following Batumbu's policies and as also stated in the Privacy Policy, as regulated by Law Number 27 of 2022 on Personal Data Protection ("UUPDP"). In contrast, our policies are also implemented based on international-standard security measures as applied in the ISO 27001 certification that Batumbu has obtained for the implementation of Information Security Standards.

Batumbu has received information and reports that certain parts have been unauthorized, using the name of and falsely representing Batumbu in fraud disguised as online loan offers. Batumbu also implements prudent principles in performing its business operations. Furthermore, You need to frequently check any information on Batumbu's official website before proceeding. Also, you can verify Batumbu's existence through Kontak OJK 157 by calling 157 and/or through WhatsApp services at 081 157 157 157 and/or by emailing [email protected]. This will allow you to confirm the status of your permit's financial product service and assure You of Batumbu's valid business license.Please be mindful of offers that display the following characteristics, as they are likely not from Batumbu:

1. Offers loans through WhatsApp;
2. The promise of low-interest rates and immediate loan disbursement;
3. Requests for access other than Camera, Microphone, and Location;
4. Provide the link for the loan application process;
5. Amount of loan offered are below Rp10,000,000 (Ten Million Rupiah);
6. The amount of loan received is different. Usually, the amount received is smaller than the amount offered;
7. Unethical or violent loan collection practices with threats of personal data publication.

If you encounter any offer or experience loan collection match to one or more of these characteristics, it can be guaranteed that it is not from Batumbu. Please ensure to contact Batumbu's official contact listed on our website.