Lenders Press DSI for Faster Repayment Amid Concerns Over Initial Disbursements

Background on Withheld Funds

PT Dana Syariah Indonesia (DSI), a syariah-based peer-to-peer lending fintech company, has been embroiled in controversy surrounding delayed repayments to lenders. As of December 7, 2025, the total withheld funds amounted to Rp 1.28 trillion, affecting 4,402 lenders. The management of DSI initiated partial repayments between December 8 and 10, 2025. However, these initial disbursements have been met with skepticism by the lender community.

Criticism from Lender Community

Bayu, representing Paguyuban Lender DSI, expressed disappointment with the minimal nature of the initial payments. Lenders received only 0.1% to 0.2% of their total claims, which they argue is insufficient to be considered a meaningful step towards resolving the issue. The lender association questions whether these partial payments accurately reflect DSI's collection efforts from borrowers.

Concerns Over Repayment Roadmap

A significant point of contention is the absence of a clear, measurable, and verifiable repayment roadmap. The prolonged withholding of funds since May 2025 has eroded lender confidence. Bayu emphasized that the partial disbursements should not be viewed as a resolution but rather as an initial step in a much larger process that DSI must complete to achieve 100% repayment.

Implications for DSI and Fintech Sector

This situation highlights the challenges faced by fintech companies in managing lender expectations during financial distress. The case of DSI underscores the importance of transparent communication and structured repayment plans in maintaining stakeholder trust. As the situation develops, it will be crucial to monitor DSI's progress in addressing lender concerns and fulfilling its financial obligations.