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Kuelap works with financial institutions such as banks and NBFIs, P2P lending, fintech and technology companies to offer the best funding solutions for cooperatives and MSMEs
Kuelap targets the cooperative market throughout Indonesia that requires technological solutions to increase the efficiency and productivity of their business, including solutions for MSME access to sources of capital/loans.
Capital is available but MSMEs lack access. Kuelap is closing the gap.
There is global capital available to close the funding gap, but it is unable to reach the MSMEs. The IFC MSME Finance Gap puts the gap between the supply of available funding and the unmet demand at $5 trillion.
Banks cannot solve this. “MSMEs remain a largely underbanked segment in most markets” — Bain
“SMEs are costlier to serve than large merchants are— lower loan sizes mean higher unit transaction costs. They also typically come with higher risk—and the higher costs that entails … and this makes it less acceptable for a financial institution to service them.” – Bain
Financial cooperatives, not banks, are the channel to millions of MSME borrowers.
Kuelap’s lending partners are eager to lend to coops that use Kuelap’s cooperative management system.
Coops are government-regulated institutions that provide loans to their members, and those members are micro-merchants, farmers, and producers. Coops are the trusted channel for hundreds of millions of MSME borrowers. They are locally focused, relationship driven, and branch-based.
Micro businesses are not comfortable with traditional lending products from banks. They need a financial institution that is locally embedded and which can gain their trust – World Economic Forum, May 2022
With our solution, built for the coop channel, MSMEs get access to capital. Coops get loan revenue and stronger relationships with their members. And lenders get a 100% digital path to borrowers.
Kuelap’s app captures all the data needed for low-cost, low-risk embedded lending.
Our solution serves all three links in the path to the MSME – a coop app to capture data, loan management software to process loans, and a portfolio management system for funders.
Our solution serves all three links in the path to the MSME – a coop app to capture data, loan management software to process loans, and a portfolio management system for funders.
Our lending platform captures all the data for embedded lending, because coops use it to manage and operate all aspects of their business, including:
- Members profile
- Deposits
- Loans
- Accounting & Financial reporting
- E-Kyc
- Geo tagging
For coops, our loan management solution covers the full lifecycle of lending:
- Loan Origination
- Processing
- Underwriting
- Servicing
- Collateral management
- Financial Statement
For lenders and financial institutions, our portfolio management system provides control and visibility. It includes dashboards, reports, and BI & data analytics for
- Portfolio performance
- Regulatory compliance
- Social impact measurement
- Tracking performance
- Tracking loan
51 million MSMEs in Indonesia lack access to affordable credit.
Somewhere in the city, in the early hours of the morning, a micro merchant wakes up and pulls out his mobile phone. He’s taking out a small loan to buy inventory at the local market. He doesn’t have a relationship with a bank. Instead, he’s getting embedded lending directly from his coop.
During the day, he will sell the inventory. At the end of the day, he will repay the loan and put his earnings in a savings account at his coop. He’ll be building his business and credit history and growing his business.
Kuelap is led by an international team of experienced top executives from all over the world.
Craig Chelius
Throughout his career from 1988 to the present, Craig Chelius is known as...
Dimas A. Yudhistira
Dimas Yudhistira brings more than 20 years...
Aditya Eka Riandi
Rian is a seasoned technology leader with...
Paul Maritz
After 14 years of career from 1986 - 2000, Paul Maritz, a retired from Microsoft...
Lisa Nelson
Lisa Nelson has worked for 25 years as a senior executive, specifically as a corporate...
Craig Chelius
Throughout his career from 1988 to the present, Craig Chelius is known as...
15
Years of experience with financial cooperatives.
5
Benua comes with local wisdom.
24
Global time zone clock our working time.
20 Million+
Members are assisted with all versions of cooperative management software.
Menara Rajawali, Jl. DR. Ide Anak Agung Gde Agung No.5, Jakarta - 12950
kuelap.support.ind@kuelap.io
+62 821-1195-8775
Copyright © 2022 Kuelap, Inc. All rights reserved.
Throughout his career from 1988 to the present, Craig Chelius is known as a strategic marketing genius, who has helped many companies grow more rapidly through the strategies he has designed. In addition, due to his interest in financial services and the banking industry, Craig has spent 10 years of his career improving financial and banking services. His mission was successful, for the past five years, Craig as Co-Founder of Kuelap has succeeded in transforming banking to help make it easier for business people to run their business finances digitally. Craig’s contribution to the world of finance has been seen before joining the Grameen Foundation, such as being the Co-Founder of Primus Knowledge Solutions, Vital Strategist, Protelus Corporation, and Mifos Initiative.
With 20 years of experience in banking finance, business development, financial technology, sales and marketing in his role as Chief Commercial Officer at Kuelap Indonesia. An expert in microfinance institutions, Dimas believes in the potential of small businesses to make a major impact on Indonesia’s growing economy.
As CCO, Dimas drives revenue by spearheading partnerships and introducing creative business to business strategies across departments. With his background in public finance and peer-to-peer (P2P) lending, Dimas partners with banks, microfinance institutions (MFIs), marketing platforms, and government agencies to connect more microfinance institutions with Kuelap’s digital technology products.
After 14 years of career from 1986 – 2000, Paul Maritz, a retired from Microsoft, is better known as a technology visionary and cloud initiator. Starting out because of his interest in the world of technology investment, Paul is also known as an angel investor among the software business and has supported many startup companies to be able to develop further. In addition, throughout his career in the technology world, Paul has contributed to various companies as CEO of PI Corp and VMware from 2003 – 2012. In fact, for the last 9 years, Paul has served as the founder and CEO of Pivotal Software, a company that focuses on on software technology development in the cloud era. His love for the world of technology continues to this day, at Kuelap Indonesia, Paul serves as director and chairman.
Lisa Nelson has worked for 25 years as a senior executive, specifically as a corporate adviser at various fortune500 companies. For more than 2 decades, thanks to her insight, expertise and experience in the technology industry and the financial sector, she has been able to bring Lisa to develop various valuable perspectives in her working environment on digital transformation, business growth strategy, risk management for complex environments to capital allocation. In addition, Lisa’s experience has not only helped start-ups but up to multi-national companies. In contributing to her career, Lisa is also known as a leader at Microsoft for 14 years, even Lisa as the founder who founded a Microsoft subsidiary called Microsoft Ventures (M12). Aside from being a corporate adviser, in the field of finance Lisa is known as a professional financial expert with CPA and SEC qualifications.
