Analysis Of The Role Of Sharia Peer-To-Peer Lending Financing On Msmes

Abstract

. The objective of this study is to identify the benefits, opportunities, costs, and priority risks, as well as alternative strategies in the long and short term for Sharia Peer to Peer Lending companies and SMEs. This research was conducted using the ANP BOCR 2-floor method with in-depth interviews, literature studies, and questionnaires completed by 9 respondents. The ANP analysis included the stages of pre-research, data collection, data management, and interpretation of results. Based on the research results, benefits and opportunities as well as costs became priorities in the BOCR model cluster. In the benefit cluster, the main priority is more efficient costs with technology. In the opportunity cluster, the main priority is to expand the network, while in the cost cluster, the main priority is the need for assistance. In the risk cluster, the main priority is the vulnerability to data misuse. In addition to showing BOCR priorities, this study also shows alternative strategies in the long and short term. The alternative strategy in the long term is to collaborate with figures, communities, and business centers. Then, the strategy in the short term is to hold a fintech incubation program. This paper discusses the role of Sharia Peer to Peer Lending financing for MSMEs.