Andy DwikiIranda and NovitaNurbaiti are both from UNY Accounting Education Study program. They successfully won Second Place in the National Scientific Writing Contest in a series of Economic Fairs at UniversitasJember(UNEJ).

Andy and Novita presented a paper entitled "Li-Funding: Innovation Platform for Crowdfunding-Based MSME Financing Integrated Factoring System for Optimizing Risk Mitigation".

Crowdfunding is one way to raise funds through the mutual assistance system, while factoring is a financing by transferring receivables to other parties. With factoring, all receivables collection processes to other parties can also be referred to as investors.

Andy said, with crowdfunding and factoring, MSMEs can more easily get capital. "The factoring system can become a back-up for MSME capital," he explained. (fadhli;Tj.Lak)