Sharia peer to peer lending information system for web-based MSMEs: Aminah

Based on the MSME needs questionnaire analysis results, 37% of the 30 MSME owners chose to use personal funds to develop their businesses. 90% of the 30 MSME owners have problems with high-interest rates and heavy collateral requirements when applying for a loan from a conventional bank. 33% of 30 MSME owners need easy administration of loan applications because those at the bank are quite difficult. All these things certainly make it difficult for them to get capital assistance to develop their business, considering that 53% of the 30 MSMEs need additional business capital. Therefore, the author will create an information system that implements Financial Technology using the concept of sharia-based peer-to-peer lending, which aims to help micro, small and medium business owners, especially micro businesses, overcome capital shortages without the need to use complicated requirements. Moreover, there are no high-interest rates like those in conventional banks. This information system has a role as a liaison between business owners who need additional capital and capital owners who want to help others in advancing MSMEs with funds that are not too large but useful because one MSME will be funded by several lenders (capital owners). Based on black box testing, this sharia peer-to-peer lending (Aminah) information system shows an average value of 88% in the good category so that this information system can be used.