Yani Ayu, a 53-year-old homemaker living in Depok, West Java, would have had to pawn her motorcycle if she hadn’t found a financing alternative to pay for her younger child’s secondary school fees.
Money has been tight since the Covid-19 pandemic struck. Ayu was furloughed by the catering company she worked for last year, while her husband’s salary was cut in half. Her elder child, who used to take care of the younger one’s education expenses, was laid off.
At the end of 2020, however, Ayu learnt about Pintek, a fintech platform offering education loans for K12, higher education, and vocational studies.