Money Lenders Research Articles

The Impact Of Financial Technology Service Users On Not Paying Online Loan Bills Is Linked To Positive Law

Financial Technology (Fintech) is a financial service that uses a technology base that makes it easier for transactions to be carried out anywhere and at any time. Currently, one of the services in Indonesia is Financial Technology or Fintech which is developing rapidly, especially online loans because it has been proven that many people are interested. The existence of online loans or peer to peer lending as a form of financial technology (fintech) is the impact of technological advances which offer many loans with easier and more flexible terms and conditions compared to conventional financial institutions such as banks. This development must be accompanied by good legal instruments to avoid existing risks. The research method used is normative research with a statutory approach. The results of this research refer to several articles. Namely. Article 1320 of the Civil Code, so that an agreement arises from an agreement. Then, Financial Services Authority Regulation Number 77/POJK.01/2016 concerning Information Technology-Based Money Lending and Borrowing, Law Number 8 of 1999 concerning Consumer Protection, Law Number 27 of 2022 concerning Personal Data Protection

Comparative Analysis of Regulations on IT-Based Money Lending and Borrowing Services in Indonesia and Vietnam

Providing information technology-based money lending and borrowing services offers convenience and benefits for users to access fresh funds quickly and safely. However, debtors often misuse their situation, leading to financial losses and potential intimidation. The research problem in this study revolves around several key aspects, including defining existing information technology-based money lending and borrowing services, comparing the regulatory implementations for these services in Indonesia and Vietnam, and exploring potential legal measures to counter illegal fintech activities. The objective of this research is to assess and analyze the implementation of information technology-based credit service regulations, commonly known as FinTech, in both Indonesia and Vietnam. This research adopts an empirical normative legal approach, involving legal, conceptual, and qualitative analyses. The findings reveal that both countries have taken proactive measures by enacting regulations to govern the rapidly expanding fintech industry. However, they continue to face challenges posed by widespread illegal fintech operations, which pose risks to the privacy of individuals' personal data. Additionally, both nations encounter a shortage of skilled professionals capable of effectively detecting and combating illicit fintech activities. Therefore, it is imperative to enhance regulations and invest in professional training to eliminate illegal fintech practices.

Social Penetration Analysis in Self-Disclosure of Online Loan Application Users to Their Partners

Abstract: This study aims to analyze the disclosure of online loan users to their partners through social penetration theory. Information technology-based money lending services are one of the innovations in the financial sector, utilizing technology to facilitate lending transactions without meeting in person. This transaction mechanism is carried out through a system provided by the Fintech Lending Organizer, either through an application or a website. Several problems arise because of the characteristics of online loans that often terrorize and intimidate people close to them without asking permission. This study is descriptive, using data collection techniques on ten pairs of online loan informants with their partners. Data analysis was carried out using interactive techniques involving interactions between data collection, data reduction, data presentation, and conclusions. Based on the social penetration analysis, five pairs of informants decided to separate/divorce, while five pairs did not divorce. The five pairs of informants who did not divorce were at stages 3 (affective exchange) and 4 (stable exchange). The five pairs who divorced were at stage 2 (exploration of affective exchange), which decreased the development of their relationship to deterioration. Couples who eventually divorce receive negative Feedback from their partners in the form of anger, annoyance, and regret. The perpetrators decide to get involved in online loans without discussing it with their partners but also have no desire to discuss it. The perpetrators' mindset, household economic problems, characteristics of online loans, and skills in communicating issues to their partners color the couple's interactions towards the end of the relationship. On the other hand, supportive Feedback, personality, and gender of the partner are factors that influence self-disclosure.

Taxation mechanism of Kashmir under Maharaja Ranjit Singh

ABSTRACT This paper sheds light on the economic aspect of Kashmir under Sikh rule with the main focus being on the taxation system. The banking and taxation mechanism that ran in Kashmir was unique compared to the rest of India. Different weights and measures, land measuring instruments that were in vogue have also been studied. Apart from this, an attempt has been made to study the coins and currencies that were in use at that time. Moreover, an attempt has been made to bring forward the role of money lenders, their exorbitant interest rates and the deplorable conditions of the peasants.

Empirical Analysis of Paddy Value Chains in Nepal: Evidence from Logistic Regression Modeling

Background: In the South Asian region, rice is one of the most significant staple food crops. The value chain provides a lot of support for a seamless operation from growth to reaching clients' hands. It not only aids farmers, but it also creates opportunities at every stage. As a result, the goal of this research is to determine the value chain analysis of paddy products in Nepal. Objective: The objectives of the study were to analyse value chain analysis of paddy product, and to identify the constraints and opportunities of rice value chain in Parsa, Siraha and Saptari districts of Nepal. Method: The thesis followed the design of explanatory research and collected data using structured questionnaires. Binary logistic Model was used for inferential analysis. Siraha, Saptari and Birgunj (Parsa) districts are chosen purposely. 260 respondents were conveniently sampled from farmers and traders. Result: The study shows the cooperatives play role in accessing credit, accessing inputs, and training with the help of government and non-government organization. The study tells us the fact that paddy value chain functions in a traditional way, there is no innovative way of integrating the chain actors. The cooperatives are involved in both input supply and credit service. Ages, off-farm income, access to information, access to input are the factors that add value in paddy value chain. Conclusion: This research is based on value chain analysis of paddy product in Parsa, Siraha and Saptari districts. Generally, the price of rice/paddy goes down in the post-harvest period due to heavy arrivals in the market and later shoots up, which results in unstable price. Providing better access to credit to farmers to reduce dependence on money lenders can solve the existing problem. Paper Types: Research Paper Keywords: Value Chain Analysis, Framers, Traders, Value addition, Logistic Model, Kobo toolbox. JEL Classification: N55, C8, Q18, Q24, Q25

Obstacles in the Implementation of Online Loans in Indonesia (Based on Protection Law Consumer)

Online loans are platforms that allow individuals or businesses to apply for and obtain loans over the internet. Online loans offer convenience and accessibility. However, there are also illegal online loans that are harmful to their users. This is the background for the emergence of two problem formulations, namely how legal regulations governing the practice of online loans and how consumer legal protection in online loans. The research method used is normative juridical. The results found that Financial Services Authority (Otoritas Jasa Keuangan/OJK) as the responsible authority has issued Financial Services Authority Regulations (Peraturan Otoritas Jasa Keuangan/POJK) No. 77/POJK.01/2016 on Information Technology-Based Money Lending and Borrowing Services. However, the implementation and effectiveness of this regulation is still a big challenge. Many online lending platforms operate without a license and ignore the applicable regulations, thus posing a high risk to consumers. Recipients of online loans can be said to be consumers because they are users of a service. In this case, online loan services, consumer protection has been regulated in Law No. 8 of 1999 of Consumer Protection, and regarding consumer protection in online loans has also been regulated in POJK No. 77/POJK.01/2016 and Bank Indonesia Regulation No. 3 of 2023 on Bank Indonesia Consumer Protection, although there are already regulations governing online loan consumers, online loan consumer protection is still a problem because many illegal online loans are always looking for loopholes and circumvent existing regulations.

Firm Growth and SME Performance

The study aimed to determine Firm growth, and SME Performance in Buloba town, Wakiso district, Uganda. The research sample size was 80 SMEs based in Buloba town. The study adopted a survey research design; it included the use of self-administered questionnaires which were structured in nature. The study objective was to determine the effect of Firm growth and the performance of SMEs in Buloba town. The results revealed that firm growth enabled SMEs' performance. The findings proved that a (total mean = 3.498, Std = 1.275) was satisfactory, according to the Likert scale and this showed that Firm growth enabled efficient accessibility of funds (credit) by SMEs thus boosting performance. SMEs in Buloba need to merge and pool resources so that they can have enough capital to enable them to operate better. This will enable them to request credit facilities with one voice. This is so because large firms can easily access funds since they are not seen as risky ventures. Money lenders are also assured of SMEs repaying the loaned money.

Pengaruh Pendapatan, Pekerjaan, dan Pendidikan Terhadap Keputusan Masyarakat Melakukan Pinjaman Online

The development of technology from time to time is growing rapidly, one of which is in the financial sector. This development is marked by the emergence of financial technology in the era of modernization. Online loans are a form of financial technology service which is a money lending service to make it easier for people to borrow money without any hassle like in conventional banks. This study uses a quantitative research type. This study aims to determine the effect of income, employment, and education on people's decisions to make online loans. The population of this study is people who have used online loans. The results of this study found that income, employment and education influence people's decisions to make online loans.

How vulnerable are people to victimisation of County Lines drug dealing?

The current study examined how willing a non-probability sample of adults were to engage in hypothetical activities typical of County Lines, and whether involvement could be predicted by perceived risk factors. Of the 101 participants; 48% were willing to engage in activities that could lead to cuckooing, 63% to a coffee meet up, 50% to transferring money, 32% would accept free drugs, 56% would pay off a friend’s debt, whereas only 1% were willing to engage in the control scenario (a phone scam). Actual occurrences of these scenarios were also documented and occurred in approximately 1% of the sample. Males and people with greater drug use scores were more likely to endorse engagement in a County Lines scenario involving drugs, whilst greater drug use scores were only associated with a lower risk of a County Lines scenario involving lending money to a friend. Our findings suggest that drug use may predict endorsement to engage in some County Lines scenarios. However, given a small non-probability sample was used in the current study, further development of methodologies to capture the likelihood to engage in County Lines activities are needed.

Application of Sharia Principles in Management Risk on Industry Insurance Sharia

With the existence of sharia banking , banks carry out business in a way that complies with Sharia, known as Sharia principles. It consists of exchanging money in accordance with sharia principles while managing risk ( mudharabah ), managing money ( murabahah ), fairness or abundance ( ijarah ), or lending money from one bank to another ( ijarah wa iqtina ) and so on. In its development, institutions outside the banking structure, such as insurance, also participated. Insurance is a non-bank financial institution that operates in the economy outside the banking sector. It is tasked with supporting economic activities by providing investment and financing access services. The unique thing about sharia insurance is that it carries out procedures for all its activities with principles that are in line with sharia, so in all these cases it is also very important to see, measure, control and monitor risks that arise from operational activities. Therefore, the authors' skepticism regarding their hypothesis is whether or not there is an influence of sharia principles on risk management in sharia insurance. This research uses quantitative methods with descriptive statistical analysis . The impact of applying Islamic principles to risk management in the sharia insurance sector is that the application of Islamic principles to risk management in the insurance sector is very beneficial. However, there are parts that need to be limited and clarified as to what kind of disaster we can help with, of course this requires company regulations and customer agreements to be in good and correct accordance.

ANCIENT AND MODERN: NEXUS BETWEEN TRADITIONAL ELEMENTS AND NEW CULTURE IN TWO NIGERIAN PLAYS

Studies in literary and linguistic analysis of culture in Nigerian literary texts are numerous in existing literature. However, there is still the need to fill the gap in comparative literary and linguistic studies of culture in the ancient and modern periods. This study attempts an investigation of the nexus between traditional elements and new culture in Zulu Sofola’s Wedlock of the Gods and Gab Osoba’s The Tortoise and the Money Lender that reflect a society in transition. The paper examines the two texts as literary works that explore the conflict of ideas, values, or traditions in contemporary Nigerian society. Thirty-two excerpts selected from the two texts were subjected to rigorous analysis using J. R. Searle’s pragmatics and J. Austine’s speech act theory. The analysis reveals that linguistic and discursive resources are deployed in the texts to present traditional cultural practices that are being interrogated in the light of modernity and new culture. The paper concludes that African cultural practices that are not in conflict with modernity should be preserved while those that appear bizarreand primitive should be discarded.

Kepastian Hukum Penyelesaian Sengketa Gagal Bayar Debitur Pada Layanan Peer To Peer Lending Di Indonesia

Peer to Peer lending is a form of online-based money lending service. P2P Lending has potential risks that can give rise to legal problems, namely the risk of default by the loan recipient. when the debtor default, the party who suffers the main loss is the lender. This type of thesis research uses the Normative Juridical method by taking a statutory approach and a conceptual approach. The results of the thesis research, legal certainty is achieved by using laws or regulations that are currently in effect, such as the Civil Code, Law no. 30 of 1999 concerning Arbitration and Alternative Dispute Resolution, OJK Regulation No. 10/POJK.05/2022. legal implications received by debtors who fail to pay on P2P Lending, the debtor receives a warning from the P2P Lending organizer, the debtor is subject to sanctions in the form of fines and interest charges that continue to increase, the debtor experiences collection by collectors, recorded on a blacklist by OJK. the dispute resolution option that can be taken by creditors together with P2P Lending providers who suffer losses due to debtors' failure to pay can be pursued through non-litigation and litigation dispute resolution.

Tinjauan Yuridis Pinjaman Online Dalam Layanan Financial Technology di Indonesia

Peer to peer lending or online loans are online money lending services commonly known as financial technology, which currently generally take the form of applications. Online loans really help people who need fast and easy funds for both consumptive and productive purposes. This service is increasingly mushrooming in Indonesia due to interest from the community itself, resulting in the emergence of illegal online loan apllications which have a detrimental impact on consumers. The normative juridical method used in this research is conducting a literature study on secondary data. The research results show legal protection and the level of effectiveness of supervision for consumers who are harmed by illegal online loan applications.

Promoting Rural Entrepreneurship in Tanzania Through Empowering Voluntary Financial Saving Groups

Purpose: This study investigated the promotion of rural entrepreneurship in Tanzania through empowering Voluntary Financial Saving Groups (VFSGs). Specifically, the study examined practices adopted by VFSGs and challenges confronting such VFSGs. Design/Methodology/Approach: A cross-sectional study using qualitative and quantitative approaches was carried out using a sample of 262 members of VFSGs that was selected using proportionate stratified sampling from different strata. The study was conducted in the Iringa region, whereas the Iringa and Kilolo districts were purposefully selected. Questionnaires, in-depth interviews, and focus group discussions were employed as data collection methods. Qualitative data analysis was carried out using content analysis. Descriptive statistics were adopted for quantitative data analysis, whereas mean scores were performed, followed by ranking. Research Limitation: This study was limited to one geographical region, Iringa, with only two districts, Iringa and Kilolo. The limitation was attributed to limited time and financial resources to cover a wider scope. Findings: Major findings of the study regarding practices adopted by VFSGs included inadequate training on enterprise development and management for members of VFSGs and inadequate seriousness to punish loan defaulters. Further, major findings about challenges facing VFSGs were the small amount of loans provided to members, inadequate business training to members, late loan repayment, the high dropout rate of members, unfavourable entrepreneurial cultures among members, conflict emerging among members and poor attendance in a meeting among members of VFSGs. Practical implications: The study concludes that skills gaps and loan defaulters in VFSGs are practices that are less adopted. This calls for intervention through entrepreneurship and business training and further longitudinal studies to establish behavioural change over time after intervention. Social Implication: Policies should mandate the provision of business training to VFSGs before they receive loans from money lenders. They should also focus on reducing mobile money transactional charges to fuel technology usage among VFSGs. Originality: The empirical data gathered from various regions in rural Tanzania adds valuable, real-world evidence to the discourse on VFSGs and rural entrepreneurship. This data-driven approach strengthens the credibility and relevance of the study's conclusions and recommendations.

The Protection of Consumer Rights against Illegal Online Loans

This research is intended to examine the form of protection provided by the government for rights violations committed by illegal online loan companies. This research also intends to provide input for the government regarding its role in dealing with the problem of illegal online loans. This research uses normative juridical research methods. The problem approach in this research uses a statutory approach. The results of this study indicate that POJK Number 77/POJK.01/2016 concerning Information Technology-Based Money Lending and Borrowing Services (LPMUBTI) and the Consumer Protection Law have not specifically regulated the legal rules related to illegal online loans. In addition, the government must immediately form a law that can provide a deterrent effect for illegal online loan companies.

PRE AND POST LEVEL OF FINANCIAL LITERACY OF SHG MEMBERS, IMPACT OF FINANCIAL LITERACY ON ECONOMIC EMPOWERMENT AND FACTORS DRIVING ECONOMIC EMPOWERMENT – A STUDY WITH REFERENCE TO CHIKKABALLAPURA DISTRICT, KARNATAKA

Purpose: The main intention of the present study is to know whether the demographic profiles impact on the study of financial literacy and women economic empowerment. Further, the study is also conducted to know the level of financial literacy of women SHG members before and after joining self help groups (SHGs), and to study the impact of financial literacy on economic women empowerment. Also further, the study conducted to know the factors impacting economic women empowerment, women studies reveal that unless and until women are developed their empowerment programs have no real meaning. Women empowerment has been noticed as a pre-requisite condition to reduce the level of poverty in developing nations (Aysha et al., 2018). Methodology / Design: A well defined previously known questionnaire which was managed as schedule after knowing the constraints in collecting back questionnaires with their incompleteness and avoid. A total of 108 questionnaire where in the hard and out of this only 100 were usable one balance of questionnaires were rejected. Chi-square, contingency co-efficient, Kendall's co-efficient of concordance, weighted average and Impact of Financial Literacy Index (IFLI) quantitative techniques were performed. The participants of the study include SHG members of 6 blocks selected villages. Findings: The present research work reveals that all the demographics are supporting the study and there exist significant variation in the data. The financial literacy has improved after joining SHGs. Factors of financial literacy impacting on ecommerce women empowerment includes in the order, women gains financial knowledge, road to economic empowerment and reduction in financial anxiety and stress. Further, the study also found about the factors driving women economic empowerment which includes in the order economic independence, savings formation and reduction in dependency on money lenders.

PERLINDUNGAN HUKUM TERHADAP NASABAH PINJAMAN ONLINE

Easy credit loans online are becoming popular, but many cases have also arisen because of this. People are currently liking easy online credit loans because the process is easy and very helpful when you are in dire need and there are no funds yet. Online loans, which are usually driven by fintech companies, are also often used as loans for shopping for consumer goods in the community. Unfortunately, there are many cases of online loans that harm users. People no longer need to go to the bank to apply directly to get a loan, the process of borrowing money can simply be accessed via a smartphone, such as the Apple Store (IOS) or Google Play Store (Android) or a laptop connected to the internet. In this article the author uses a juridical approach normative, because of its approach, this model of legal research is called normative legal research. By using Primary Legal materials, the legal basis for Online Loans is regulated in Financial Services Authority Regulation Number 77/POJK.01/2016 concerning Information Technology-Based Money Lending and Borrowing Services.

PENGATURAN PERLINDUNGAN HUKUM PADA PERJANJIAN E-CONTRACT PINJAM MEMINJAM UANG PADA LAYANAN FINANCIAL TECHNOLOGY BERBASIS PEER TO PEER LENDING

The development of globalization has encouraged the birth of the digital era of technology, and the presence of Financial Technology (Fintech). One of the features used is money lending, then information technology-based money lending and borrowing services or Peer to Peer Lending (P2PL) emerged, regulated in Financial Services Authority Regulation Number 77/POJK.01/2016 concerning Information Technology-Based Money Lending and Borrowing Services (LPMUBTI) . The form of bond in fintech contained in an electronic contract arises as a result of an agreement between the Organizer and the Lender, or the Lender and the Loan Recipient. This research is normative juridical, as an approach to exploring law based on statutory regulations. The nature of the research used is descriptive research, aiming to describe clearly and in detail all the information obtained regarding the research subject, namely Fintech P2PL. The research results show that the protection of the parties in P2PL fintech is very lacking, namely loan recipients who lack education regarding P2PL fintech cause losses in default. Nor can lenders lose their money if bad credit occurs.Keyword: Legal Protection, Financial Technology, Peer to Peer Lending

Annulment Object Gadai atas Tindakan Wanprestasi dalam Perjanjian Kredit pada Pegadaian Berdasarkan Kajian Hukum Perdata

Writing a report entitled Annulment of Pawn Objects for Default in Credit Agreements at Pawnshops Based on Civil Law Studies. The main purpose of writing this journal is to find out that a pawnshop is an agency or organization that operates in the field of money lending services by pawning an item as collateral. Customers who want to get loan money must pawn goods as collateral. If an agreement cannot be fulfilled or an achievement is not fulfilled, this will result in a default. What is meant by default is the non-fulfillment of achievements or obligations that have been determined towards certain parties in an agreement, whether an agreement that arises from an agreement or an agreement that arises due to law. Pawn objects are movable objects that can be tangible or intangible. such as bills, jewelry, electronic goods and motorized goods. The research method used is the empirical normative research method. The normative-empirical legal research method is a research method that includes theoretical and practical aspects in legal observation and analysis.

The effects of policy interventions to limit illegal money lending

We estimate a structural model of borrowing and lending in the illegal money lending market using a unique panel survey of 1,090 borrowers taking out 11,032 loans from loan sharks. We use the model to evaluate the effects of interventions aimed at limiting this market. We find that an enforcement crackdown that occurred during our sample period increased lenders’ unit cost of harassment and interest rates, while lowering volume of loans, lender profits and borrower welfare. Policies removing borrowers in the middle of the repayment ability distribution, reducing gambling or reducing time discounting are also effective at lowering lender profitability.