Financial Illiteracy Traps Many Teachers in Illegal Online Lending Schemes

Finance

Premium

Cindy Mutia Annur 24/11/2022 17:30 WIB

URL has been copied

Memuat...

According to research by NoLimit Indonesia, 42% of people ensnared by illegal online loans are teachers.

Proportion of Victims of Illegal Online Lending Based on Employment Status (2021)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Financial Illiteracy Traps Many Teachers in Illegal Online Lending Schemes”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Proportion of Victims of Illegal Online Lending Based on Employment Status (2021)

Download

Source

A Small Font
A Medium Font
A Bigger Font

According to a research report by NoLimit Indonesia, a portion of the population still cannot distinguish between legal and illegal online loans (pinjol).

This lack of financial literacy has apparently resulted in many people falling victim to risky illegal online loan platforms.

NoLimit Indonesia monitored social media conversations containing keywords such as 'pinjol', 'online loan', 'illegal loan', 'illegal pinjol', and so on. Monitoring was conducted from September 11th to November 15th, 2021, resulting in 135,681 data points containing related keywords.

From the analysis of these conversations, they found that the majority, or 42%, of people ensnared by illegal online loans are teachers.

Illegal online loans also ensnared victims of layoffs (PHK), housewives, employees, traders, students, barbers, and online motorcycle taxi drivers, with the proportions shown in the graph.

According to NoLimit Indonesia's findings, these victims fell prey to illegal online loans for various reasons, such as needing money to pay off debts, meeting urgent needs, or even buying gadgets.

"The most frequent risk associated with using illegal online loan services is the borrowers and their families being terrorized. 35% of social media conversations monitored discussed this," said NoLimit Indonesia in their report, *Development of Online Loan Issues on Social Media* (2021).

"Other risks frequently discussed from using illegal online loan services include the spread of personal data, harassment by debt collectors, debt accumulation, and even job loss," they continued.

Regarding this, the Financial Services Authority (OJK) plans to conduct a financial literacy education program in 2023, targeting women, especially housewives, as the primary audience.

"It's often said that if you educate a woman, you educate a nation," said Friderica Widyasari Dewi, Member of the OJK Board of Commissioners for Education and Consumer Protection, as reported by *CNBC Indonesia*, Tuesday (November 22, 2022).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

Fintech with an Eco-Friendly Image According to the Indonesian Middle Class

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Distribution of Teachers in 38 Indonesian Provinces for the Odd Semester of Academic Year 2025/2026

Qualified Teachers in Indonesia Increased in the 2024/2025 Academic Year

Jakarta Becomes the World's Most Densely Populated City by 2025

The number of Transjakarta, MRT, and LRT users in Jakarta increased in September 2025.

Latest Data Stories

Mount Ibu Erupts Again This Afternoon (Friday, December 5, 2025) Demographics 05/12/2025, 16:20 WIB

Food Prices Today, December 05, in West Sumatra: Onions Up, Bird's Eye Chili Down Economics & Macro 05/12/2025, 16:18 WIB

Historical Data of Average Wages in West Papua, 2018-2023 Employment 05/12/2025, 16:15 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 16:07 WIB

Mount Semeru Erupts Again This Afternoon (Friday, December 5, 2025) Demographics 05/12/2025, 16:04 WIB

Average Per Capita Monthly Expenditure in South Papua 2024 Consumer Services & Health 05/12/2025, 15:57 WIB

Download

Source

Financial Illiteracy Traps Many Teachers in Illegal Online Lending Schemes

Tags

Related Data

Fintech with an Eco-Friendly Image According to the Indonesian Middle Class

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Distribution of Teachers in 38 Indonesian Provinces for the Odd Semester of Academic Year 2025/2026

Qualified Teachers in Indonesia Increased in the 2024/2025 Academic Year

Jakarta Becomes the World's Most Densely Populated City by 2025

The number of Transjakarta, MRT, and LRT users in Jakarta increased in September 2025.

Latest Data Stories

Popular Data

Financial Illiteracy Traps Many Teachers in Illegal Online Lending Schemes

Tags

Related Data

Fintech with an Eco-Friendly Image According to the Indonesian Middle Class

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Distribution of Teachers in 38 Indonesian Provinces for the Odd Semester of Academic Year 2025/2026

Qualified Teachers in Indonesia Increased in the 2024/2025 Academic Year

Jakarta Becomes the World's Most Densely Populated City by 2025

The number of Transjakarta, MRT, and LRT users in Jakarta increased in September 2025.

Latest Data Stories

Trending Topics

Popular Data