P2P Lending Sites and Microfinance
In This Chapter
• How P2P lending is connected to microfinance
In this chapter, we take a look at how P2P lending has become a part of microfinance. What is microfinance? It’s a way to help entrepreneurs in poor countries. It’s based on the concept that if you give someone a little help, that person will be motivated to do what it takes to improve his or her life. The loan amounts are small, hence the term microfinance.
It’s a powerful tool that’s believed to be helping those in undeveloped countries. You’ll learn about ...