5 Peer-to-peer lending in Malaysia
Yong Chin Lee and Hooi Hooi Lean
1. Introduction
Peer-to-peer (P2P) lending is also called lending-based crowdfunding. P2P lending enables individuals or businesses to obtain loans via a networked marketplace which pairs loan providers and debtors. There are two parties involved in P2P lending. First, debtors or borrowers are usually individuals looking for a personal loan or corporations seeking capital for business use. Second, loan providers or lenders are normally investors who aim to gain passive income such as receiving interest from borrowers. The principle of P2P lending is that lenders and borrowers match directly. P2P lending has become a worldwide phenomenon as well ...
Get Entrepreneurial Finance, Innovation and Development now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
