Analyzing the Covid 19 Pandemic Effect on Forecasting of Loan Disbursement in Financial Technology
INTERNATIONAL JOURNAL OF TREND IN SCIENTIFIC RESEARCH AND DEVELOPMENT, 6 (1):
1606-1612 (December 2021)Abstract
Financial technology service particularly peer to peer lending P2P lending disrupts the financial service industry and stimulates economic growth in the world. This study aims to forecast the amount of loan disbursement in Indonesia’s P2P lending amid the Covid 19 pandemic. This is a quantitative study that applied the Moving Average Method to examine a time series data. The secondary data is obtained from Indonesia’s Financial Services Authority beginning from January 2018 until October 2021, accumulating 46 months of data. This study’s results indicate that the Covid 19 pandemic affected the amount of P2P lending’s loan disbursement that causing declining the amount of loan disbursement from April 2020 until July 2020. It was followed by an increasing trend starting August 2020 that exponentially rose until July 2021 before it is predicted to fluctuate in the next months. This study provides explanations of the Covid 19 pandemic effect on forecasting of loan disbursement in Indonesia’s financial technology and suggests the policymaker and business practitioners to adapt this situation with new strategies. Novan Bastian Dwi Ardha | Nurafni Eltivia | Nur Indah Riwajanti Änalyzing the Covid-19 Pandemic Effect on Forecasting of Loan Disbursement in Financial Technology" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1 , December 2021, URL: https://www.ijtsrd.com/papers/ijtsrd49090.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/49090/analyzing-the-covid19-pandemic-effect-on-forecasting-of-loan-disbursement-in-financial-technology/novan-bastian-dwi-ardha