Indonesia's top P2P platforms meltdown spooks retail lenders

JAKARTA -- Indonesia's peer-to-peer (P2P) lending sector, which has seen several prominent companies plunge into crisis recently, has made retail lenders and investors wary of the model that is now being put to the test.

The crisis that hit major lenders Investree, TaniFund and iGrow is likely to pull individual lenders away from the platform, leaving only institutional players to operate in the country's vast P2P lending landscape, according to multiple market observers.