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Terms & Conditions

TERMS AND CONDITIONS

This page contains the terms and conditions for using, accessing, or utilizing this Platform. Please ensure that you read all of these Terms and Conditions carefully.  

By accessing and/or using this Platform, you declare that you have read, understood, and agreed to be legally bound by these Terms and Conditions, and that you are submitting an application to register yourself as a Lender or Borrower. If you do not agree to these Terms and Conditions, you may not register as a Lender or Borrower.   

Any substantial changes to these Terms and Conditions will be communicated through the Platform, and Users are required to read each change carefully prior to continuing to use and/or access the Platform. By continuing to use and/or access the Platform, you hereby declare that you have read, acknowledged, understood, and agreed to such changes executed electronically, the administration of which is conducted electronically by the platform provider. 

 

Definitions

The terms in the Terms and Conditions below have the following definitions, unless the context requires otherwise:

  1. Company refers to PT Mekar Investama Teknologi, widely known as MEKAR, a legal entity established in the Republic of Indonesia and an operator of Information Technology-Based Joint Funding Services (LPBBTI), commonly known as Peer to Peer (P2P) Lending. Mekar operates a platform that connects Lenders with Borrowers.
  2. Platform refers to https://mekar.id.
  3. User refers to any Lender or Borrower who uses, accesses, or utilizes the Platform.
  4. The Parties refers to the Company and the User collectively.
  5. Lender refers to an individual or institutional party intending to provide funds to be lent to parties requiring loans or financing through the Platform.
  6. Borrower refers to a party applying for a loan/financing through the Platform.
  7. Privacy Policy refers to Mekar's Privacy Policy document governing the processing of Users' Personal Data, which constitutes an integral part of these Terms and Conditions.

 

User Declarations and Consent

  1. The User hereby declares and warrants that:
    • The User has read and agreed to these Terms and Conditions;  
    • The User will use, access, or utilize this Platform solely for lawful purposes;   
    • All information provided by the User to the Company, including but not limited to personal data, information, and/or documents required by the Company, is accurate and complete;
    • The User consents to the Company using and/or publishing all User data and information entered into the Platform in connection with funding/financing transactions or obtaining loan funds. The use of information shall strictly comply with applicable laws and regulations.
  2. The User hereby assumes full responsibility for any risks arising in connection with the publication and execution of the User's data and information, and indemnifies and holds harmless the Company, including its management and employees, from any such arising risks.   
  3. The User agrees and consents to verification and validation by the Company regarding the data and documents provided for the purpose of granting funding/financing or securing loan funds.   
  4. The User consents to the Company publishing Borrower data on the Mekar Platform, which will subsequently be offered to Lenders to provide loan funding.

 

Amendments to Terms and Conditions

  1. The Company reserves the right to amend these Terms and Conditions from time to time. Any changes to the Terms and Conditions will become effective from the moment the Company posts them on the Platform. 
  2. The User understands and agrees that by continuing to use the Platform after changes are made, the User is subject to and bound by the new Terms and Conditions. If the User does not agree to the changes, the User has the right to stop using the Platform and resign as a Lender or Borrower.   
  3. The provisions mentioned in the paragraph above apply to amendments to the Terms and Conditions in general. Specifically for amendments related to the processing of the User's Personal Data, the notification and/or consent mechanisms set out in Mekar's Privacy Policy shall apply.   Users are advised to check this page periodically, as any changes, variations, and corrections to these Terms and Conditions will be binding on the User.

 

Electronic Communication

All forms of communication from the Company regarding services to the User will be provided electronically, whether via email, WhatsApp messages, or publications through the Platform.   

The User agrees to receive all documents, notices, and agreements electronically arising from the use of the Platform and services. The User's consent to each electronic document, notice, and agreement is given by clicking the agree button/checkbox on the Platform and/or electronically signing documents.   

Any consent provided electronically by the User through the Platform shall be fully binding upon and the responsibility of the User as a service user, concerning both rights and obligations arising from such consent, and indemnifies Mekar, along with its directors and employees, from any existing risks. 

 

Platform User Content

  1. The User is fully responsible for all materials and information provided, uploaded, published, made available, or displayed on the Platform (“User Content”).   
  2. The User understands and agrees that the Company reserves the right, but is not obligated, to review and delete (without prior notice) any User Content at its sole discretion, including but not limited to User Content that the Company deems to violate these Terms and Conditions, contradict applicable laws and regulations, or infringe upon or jeopardize the rights and safety of other Users.   
  3. By using this Platform, you grant the Company the right to use, copy, publicly display, reformat, and distribute User Content for other purposes (marketing and/or promotional) or related to Platform usage. You reserve the right to withdraw your User Content at any time. If you withdraw your User Content from the Platform, all rights previously granted to the Company as described above shall remain in effect. 

 

Prohibited Activities

The User represents and warrants that they will not use or access the Platform to perform any of the following actions, unless prior written approval is obtained from the Company:  

  1. Using, accessing, collecting, and/or extracting data from the Platform, whether for a specific purpose or without any specific purpose;   
  2. Using any automated means and/or programs to access the Platform and/or collect information from the Platform;  
  3. Uploading, publishing, emailing, or making available advertisements, promotions, junk mail, spam, and/or any other form of solicitation, whether commercial or non-commercial, on the Platform, to Platform Users, and/or to third parties;   
  4. Altering the appearance of the Platform;  
  5. Creating pop-ups for any access to the Platform;   Performing any other actions that impact or may cause harm to the Company and facilities within the Platform.  

 

Data Accuracy

  1. The User guarantees the authenticity and accuracy of all data provided through the Platform. The data provided must be true, accurate, complete, current, and non-misleading.   
  2. The User shall update and notify the Company of any data and/or information changes immediately after such changes occur.   
  3. The User shall safeguard their password and personal data.  
  4. If at a later date the Company discovers that the data or information provided by the User is untrue, suspected to be false, and/or inaccurate, the Company reserves the right to block the User's access to the Platform. The User shall be fully responsible for any material or non-material damages arising or that will arise due to any inaccuracy in the data provided. 

 

Governing Law and Dispute Resolution

These Terms and Conditions and any other provisions established by the Company are governed by and construed in accordance with the laws of the Republic of Indonesia. Any and all disputes, disagreements, or conflicts arising out of or in connection with the use of this Platform (“Disputes”) shall, wherever possible, be resolved amicably through consensus.  

If a Dispute cannot be resolved amicably within 30 (thirty) calendar days from the date of notice/complaint, the Parties agree that the Dispute shall be settled by the Indonesian National Board of Arbitration (Badan Arbitrase Nasional Indonesia – BANI) in Jakarta, using BANI's arbitration rules and procedures. The Parties agree that the award rendered by the arbitrator shall be final, binding, and non-appealable regarding the Dispute submitted to the tribunal, and the Parties agree to take all necessary measures to ensure the execution of the arbitration award.   

These Terms and Conditions cannot be withdrawn or canceled for any reason without the prior written consent of the Company. 

 

Contact Us

For further information, please visit the Help Center page or send an instant message through the methods provided on the Contact Us page.

 

About the Company

PT Mekar Investama Teknologi (hereinafter referred to as the Company), widely known as MEKAR, is a legal entity established in the Republic of Indonesia. MEKAR is an information technology-based peer-to-peer lending service provider.   

The Company provides services connecting lenders with Borrowers, covering funding from individual or institutional lenders (organizations, businesses, and other legal entities) to individuals and other business entities requiring financing. The Company does not provide financial advice or recommendations regarding the funding options available on this site.   

Mekar has obtained its business license from the Financial Services Authority (OJK) pursuant to OJK Decree Number KEP-127/D.05/2019 dated December 13, 2019. Mekar's business activities are strictly supervised and regulated under Financial Services Authority Regulation Number 40 of 2024 on Information Technology-Based Joint Funding Services, thereby ensuring Mekar's legality and compliance with applicable laws and regulations in Indonesia.   

MEKAR’s products and services are developed with strict compliance with applicable regulations in mind. We have consulted with the OJK regarding our operational business framework and actively monitor changes and developments in peer-to-peer lending regulations in Indonesia. From time to time, we modify our products and business processes to remain fully aligned with current regulations.   

All content and materials on this site are intended for general information purposes only and should not be construed as an offer, solicitation, invitation, advice, or recommendation to fund loans. The MEKAR Platform and products may contain links and/or references to third-party websites or web content. The Company accepts no responsibility or liability for such third-party content or websites. 

 

DISCLAIMERS:
  1. PT Mekar Investama Teknologi is a provider of Information Technology-Based Joint Funding Services (LPBBTI), operating under the electronic system “Mekar”, which connects Lenders and Borrowers on a single platform.
  2. Information Technology-Based Lending Service is a civil agreement between the Lender and the Borrower. Therefore all risks incurred from the agreement shall be borne entirely by the respective parties.
  3. The credit risk or debt default shall be borne entirely by the Borrower. No government body or authority will take responsibility for this default risk.
  4. Mekar, under the consent of the respective users (the Lender and/or the Borrower), accesses, collects, stores, manages, and uses the Users’ personal data (“Data Usage”) on or in the objects, electronic devices (including smartphones or cellphones), hardware or software, electronic documents, applications or electronic systems owned by or under the control of the Users, by informing the objective, boundaries and mechanism of the aforementioned Data Usage to the related Users before making the said agreement.
  5. The Lender with no knowledge and experience concerning funding is advised not to use this service.
  6. The Borrower must take into account the interest rate and other costs incurred corresponding to his/her ability in repayment of the funding.
  7. All fraudulent activities will be digitally recorded and will be accessible to the general public through social media.
  8. The User must read and fully understand this information before deciding to become a Lender or Borrower.
  9. The Government, in this case represented by the Indonesian Financial Services Authority (OJK), shall not be held liable for any violation or non-compliance committed by the Lender or the Borrower (whether it is intended or due to the User’s negligence) against the regulations, the agreement or the bond between the Organizer and the Lender and/or the Borrower.
  10. Every funding transaction and activity or the agreement implementation concerning funding between or those involving Mekar, the Lender and/or the Borrower must be carried out through an escrow account and a virtual account as regulated in the Financial Services Authority Regulation Number 40 of 2024 about Information Technology-Based Joint Funding Services, and any violation and disobedience of the regulation shall be considered as evidence of a violation of law committed by Mekar. Therefore, Mekar must bear any liability suffered by the Users as a direct result of the violation of law as mentioned above without reducing the rights of the Users that have suffered losses as stipulated in the Indonesian Civil Law.
  11. BE CAUTIOUS, THIS TRANSACTION INVOLVES HIGH RISK. YOU MAY EXPERIENCE LOSSES OR LOSE MONEY. DO NOT BORROW IF YOU DO NOT HAVE THE ABILITY TO REPAY. CONSIDER CAREFULLY BEFORE MAKING THE TRANSACTION.

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