Peer-to-Peer Lending: Revolutionizing the Lending Paradigm
What is encouraging most businesses and entrepreneurs to tap into the P2P lending market is the fact put forth by the Word Bank which states that 1.7 billion adults worldwide are unbanked. Furthermore, many are unable to acquire a loan due to poor credit rating. Building a P2P lending platform can be an opportunity to capitalize on such peoples inaccessibility to financial services, providing them with contemporary P2P lending exchange to satisfy their borrowing or lending needs.
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