Dear Valued User of KoinWorks, I want to speak to you openly and simply, as I know these times are not easy for anyone involved in our platform. Right now, the number of loans that are successfully paid back (TKB90) on our platform has reached 49% by the end of June 2025, and this number may keep decreasing in the coming months. I want you to know: This big decrease in TKB90 is not just because more people are failing to pay. In the past six months, many of our good borrowers have finished and fully paid off their loans due to limited liquidity available in the platform, hence borrowers require lending from other platforms. These directly impact the TKB90 because the total number of loans is getting smaller as the good ones are paid off (denominator), the percentage of unpaid (bad) loans automatically looks bigger, as the portfolio shrinks—even if the actual number of bad loans has not changed much. This is a mathematical effect that sometimes happens in the formula of the TKB90 calculation, especially in tough times. What’s left on our books now are mostly loans from borrowers who, while facing some challenges, are still making efforts to settle their payments and improve their repayment status. As you can see how the calculation works, Formula TKB90:

TKB90 = (Total Performing Loans with DPD < 90 days) / (Total Outstanding Loans)

Where:

•  DPD < 90 days means loans that are less than 90 days past due.
• Total Outstanding Loans means all loans that have not been fully paid off.

What are we doing about this? We have studied similar cases in the banking industry and are taking decisive action to protect your capital and rebuild for the future. Our comeback strategy focuses on 3 aspects,

• Our main focus now is to protect your money and prevent more loans from going bad.
• We have moved 30% of our team to focus fully on helping collect payments from borrowers who are late, using all ways possible—reminders, rescheduling, and working together for solutions.
• We are being very careful with every decision and expense to make sure your investment is managed wisely.

Looking ahead, we are not just sitting still. We are taking proactive steps to create a safer environment for our lenders. We will soon launch a new, more secure lending product called “KoinBisnis with Collateral.” With this loan, every borrower is required to provide fixed or liquid assets as collateral. If a borrower encounters difficulties, our team can proceed with an auction of these assets to minimize any potential capital loss. Learning from past challenges, KoinBisnis with Collateral now features enhanced assessments that go beyond just evaluating the borrower’s project. We thoroughly review each borrower’s overall repayment capacity and financial statements, and we have significantly strengthened our loan monitoring processes to help prevent similar issues in the future. As a lender, you will have the option to select these collateral-backed loans in the KoinP2P Marketplace—simply look for the “With Collateral” sign—for greater peace of mind when funding SMEs moving forward. Thank you for your patience and trust. We are working hard every day to make things better and build a safer, stronger platform for you.

Sincerely,
Benedicto Haryono
Founder – KoinWorks