Analisis Tingkat Financial Intelligence UMKM di Kota Batam dalam Pemanfaatan P2P Lending sebagai Alternatif Pembiayaan

Abstract

P2P offers a viable option for those who are seeking for loan wiithout going through complicated procedures required by conventional banks, One benefit of P2P lending is the capacity to perform efficient credit pre-screening. This study aims to (1) analyze factors affecting SME's (Small and Medium-Sized Enterprises) Financial Intelligence level in Batam City in using P2P Lending as alternative financing, and (2) investigate if Batam SME's Financial Intelligence relates to the use of P2P lending as alternative financing. This quantitative study directly collects all the information about P2P lending as alternative financing from all SMEs in Batam, Riau Island. The findings of this study indicate that financial and planning literacy significantly affect the use of P2P. In addition, the Interest Rate has a significant effect on the use of P2P lending. However, the use of P2P lending is not affected by credit.