Can P2P Lending Revolutionise Credit Access For The Underserved?

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SUMMARY

Peer-to-Peer Lending (P2PL) has emerged as a bold and much-needed alternative, especially for those left out of India’s credit system.

The RBI has already taken notice, recognising 25 P2P non-banking financial companies (NBFCs) in early 2022.

Women are often seen as “risky” borrowers not because they lack the capability but because of entrenched biases and a legacy of exclusion

In India, more than 160 Mn credit-eligible individuals are overlooked by traditional credit systems, with rural women facing distinct…



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Can P2P Lending Revolutionise Credit Access For The Underserved?


SUMMARY

Peer-to-Peer Lending (P2PL) has emerged as a bold and much-needed alternative, especially for those left out of India’s credit system.

The RBI has already taken notice, recognising 25 P2P non-banking financial companies (NBFCs) in early 2022.

Women are often seen as “risky” borrowers not because they lack the capability but because of entrenched biases and a legacy of exclusion

In India, more than 160 Mn credit-eligible individuals are overlooked by traditional credit systems, with rural women facing distinct…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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