Analyzing the Covid-19 Pandemic Effect on Forecasting of Loan Disbursement in Financial Technology

Nurafni Eltivia; Nur Indah Riwajanti; Novan Bastian Dwi Ardha

Title:
Analyzing the Covid-19 Pandemic Effect on Forecasting of Loan Disbursement in Financial Technology

Authors:
Novan Bastian Dwi Ardha | Nurafni Eltivia | Nur Indah Riwajanti

Cite This Article :

Novan Bastian Dwi Ardha | Nurafni Eltivia | Nur Indah Riwajanti "Analyzing 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, pp.1606-1612, URL: https://www.ijtsrd.com/papers/ijtsrd49090.pdf

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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.

Keywords :
financial technology; forecasting; loan disbursement; Covid-19; pandemic

Publication Details:

Unique Identification Number : IJTSRD49090

Published In : Volume-6 | Issue-1, December 2021

Page Number(s) : 1606-1612

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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