Main Article Content


This research aim to reveal a number of possible factor influence investors  decisions To do investment in Peer-to-peer (P2P) lending services in Indonesia. Study this use method survey with method distribute questionnaire through googleform to any of the users or a number of service banking . There are 82 questionnaires processed in research this using the PLS smart assistance program . Results in study this prove that Accumulation Transaction and Refund History , as well perception risk take effect to decision gift loan . With evaluate significant factor  about party borrower , then potential investors will more easy for differentiate borrower one with others on P2P lending services With a number of factor , got is known that if party borrower could Fulfill all aspect such , then party borrower has give quality signal tall to potential investors. Results of research this expected could add nor expand knowledge knowledge as well as give proof new about a number of factor to be determinant decision gift loans on P2P lending services.


Accumulation Transactions Refund History Perceptions Risk Decision Gift Loan

Article Details

How to Cite
Fatmawati, E., & Parulian, P. (2022). Determinants of the Decision to Provide Loans to Potential Investors on a Peer-to-Peer Lending Platform. Kontigensi : Jurnal Ilmiah Manajemen, 10(2), 347-351.


  1. Brigham, F. E., & Houston, F. J. (2011). Dasar-dasar Manajemen Keuangan (11th ed). Jakarta: Salemba Empat.
  2. Chen, S., Gu, Y., Liu, Q., & Tse, Y. (2020). How do lenders evaluate borrowers in peer-to-peer lending in China?. International Review of Economics and Finance, 69, 651-662
  3. Chishti, S., & Barberis, J. (2016). THE FINTECH BOOK The Financial Technology Handbook for Investors, Entrepreneurs, and Visionaries. Padstow: T.J. International Ltd.
  4. Featherman, M. S., & Pavlou, P. A. (2003). Predicting e-services adoption: a perceived risk facets perspective. International Journal of HumanComputer Studies, 59(4), 451-474.
  5. Ge, R., Feng, J., Gu, B., & Zhang, P. (2017). Predicting and Deterring Default with Social Media Information in Peer-to-Peer Lending. Journal of Management Information Systems, 34(2), 401-424.
  6. Herzenstein, M., Sonenshein, S., & Dholakia, U. M. (2011). Tell me a good story and I may lend you money: The role of narratives in peer-to-peer lending decisions. Journal of Marketing Research, 48(SPL), S138-S149.
  7. Hsueh, L., & Darnall, N. (2017). Alternative and Nonregulatory Approaches to Environmental Governance. Journal of Public Administration Research and Theory, 1-7.
  8. Ion, & Alexandra. (2016). Financial Technology (Fintech) and Its Implementation on the Romanian Non-Banking Capital Market. Bucharest University of Economics Studies, 4(2), 379-384.
  9. Kesharwani, A., & Bisht, S. S. (2012). The impact of trust and perceived risk on internet banking adoption in India: An extension of technology acceptance model. International Journal of Bank Marketing, 30(4), 303-322.
  10. Khan, M. T. I., & Xuan, Y. Y. (2021). Drivers of Lending Decision in Peer-to-peer Lending in Malaysia. Review of Behavioral Finance, 1-15.
  11. Kusuma, H., & Asmoro, W. K. (2020). Perkembangan Financial Technology (Fintech) Berdasarkan Perspektif Ekonomi Islam. Journal of Islamic Economic Development, 4(2), 112-131.
  12. Lin, M., Prabhala, N. R., & Viswanathan, S. (2013). Judging Borrowers by the Company They Keep: Friendship Networks and Informatio Asymmetry in Online Peer-to-Peer Lending. Management Science, 59(1), 17-35.
  13. Meng, F. (2016). What are the Determinants of lending decisions for Chinese Peerto-peer Lenders?. (Tesis Master, University of Twente, 2016) Diakses dari
  14. Putritama, A. (2021). Manfaat dan Risiko yang Mempengaruhi Kelanjutan Niat Penggunaan Fintech Pembayaran Seluler. Nominal: Barometer Riset Akuntansi dan Manajemen, 10(2), 214-227.
  15. Rizal, M., Maulina, E., & Kostini, N. (2018). Fintech As One Of The Financing Solutions For SMEs. AdBispreneur: Jurnal Pemikiran Dan Penelitian Administrasi Bisnis Dan Kewirausahaan, 3(2), 89-100.
  16. Ryu, H. S. (2018). Understanding Benefit and Risk Framework of Fintech Adoption: Comparison of Early Adopters and Late Adopters. Proceedings of the 51st Hawaii International Conference on System Sciences, 3864-3873.
  17. Saksonova, S., & Kuzmina-Merlino, I. (2017). Fintech as financial innovation – the possibilities and problems of implementation. European Research Studies Journal, 20(3A), 961-973.
  18. Stern, C., Makinen, M., & Qian, Z. (2017). FinTechs in China – with a special focus on peer to peer lending. Journal of Chinese Economic and Foreign Trade Studies, 10(3), 215-228.
  19. Thaker, M. A. B. M. T., Thaker, H. B. M. T., Rahman, M. P. B., Amin, M. F. B., Pitchay, A. B. A., & Olaniyi, N. O. (2019). Factors Affecting Investors’ Intention to Invest in a Peer-to-peer Lending Platform in Malaysia: An Extended Technology Acceptance Model. ADBI Working Paper,(998), 1- 21.
  20. Yang, Q., Pang, C., Liu, L., Yen, D. C., & Tarn, J. M. (2015). Exploring consumer perceived risk and trust for online payments: An empirical study in China’s younger generation. Computers in Human Behavior, 50, 9-24.
  21. Yu, C. S. (2012). Factors Affecting Individuals to Adopt Mobile Banking: Empirical Evidence From The UTAUT Model. Journal of Electronic Commerce Research, 13(2), 104-121.
  22. Yum, H., Lee, B., & Chae, M. (2012). From the wisdom of crowds to my own judgment in microfinance through online peer-to-peer lending platforms. Electronic Commerce Research and Applications, 11(5), 469-483.
  23. Zulfikar, M. T. I., & Ardhira, A. Y. (2019). Pengawasan OJK dalam Rangka Mitigasi Risiko pada Peer to peer Lending. PERSPEKTIF, 24(2), 84-94.