KinerjaPay Corp. (KPAY) announced that a new company called PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as a peer-to-peer (P2P) lending platform that focuses on micro-lending activities. KFUND will mainly target consumer sectors to provide micro lending facilities in the range of $100 to $1,000 on biweekly or monthly term loans. As facilitator of the lending facility, the company will earn up to 5% of the fee from an estimated 1,000 transactions for the few months after its launch. The company's platform will also enable individuals to secure loans with investors to lend their own money at a mutually agreed upon interest rates. Individuals interested in borrowing money submit their funding needs through KPAY apps, which investors can then evaluate if applicants meet their specific lending criteria.