JULO Support for Customers During COVID-19 Pandemic
Source: Yahoo Finance
The outbreak of COVID-19 which has lasted more than three months currently hit Indonesia's economy on a larger scale. PT JULO Teknologi Finansial (JULO), an Indonesian based Fintech P2P Lending, initiated several programs to help individuals affected by the pandemic. JULO which has been granted official business license from The Financial Services Authority (OJK) last month responded to the pandemic through loan restructuring options for borrowers facing financial difficulties due to COVID-19, and appreciation for customers who committed to pay their loan amidst the situation.
JULO has enabled thousands of loan restructuring by end of June 2020 and currently still facilitates restructuring requests from customers impacted by COVID-19. Those applications will go through a strict verification process and require approval from the lender before the loan can be restructured. "COVID-19 disrupted a significant population in Indonesia, including JULO customers. We hope this loan restructuring program can help our borrowers who are currently experiencing hardship," said Adrianus Hitijahubessy, JULO's CEO & Cofounder.