P2P Lending Driven by Finding Newer Distribution Channels
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The concept of P2P lending started in around 2005, but growth was initially very slow and it took time for people to understand the deliverables and advantages of social lending. The P2P lending market experienced a remarkable boom in 2007, when a range of websites came into the picture and lifted the community lending business.
P2P lending is often said to be more economically efficient because it eliminates the middleman, and passes the cost savings on to its end users: borrowers and lenders.
As intermediaries between borrowers and lenders (depositors), financial institutions take a spread between the interest they pay on deposits and the interest they receive on loans.
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Investors find that banks can be very rigid with their credit criteria and that they also lack the sense of individual treatment.
This report analyses and defines the P2P lending mechanism globally. It discusses the advantages and disadvantages of P2P lending over banks and other financial institutions.
This report includes detailed case studies of existing and inactive companies and examines the potential impact of P2P lending on financial services
It details the sectors challenges, market operators, growth drivers and future outlook.
The concept of P2P lending started in 2005, but growth was initially very slow and it took time for people to understand the deliverables and advantages of social lending. The P2P lending market experienced a remarkable boom in 2007, when a range of websites came into the picture and lifted the community lending business.
Prosper and Lending Club are two leading companies in P2P lending industry. In pursuing a transactional lending approach, P2P operators are competing head on with banks.
P2P lending growth could also be fuelled by a demand for credit card debt consolidation.
Table Of Contents
1 Executive Summary
2.1 Overview of the Report
2.2 Understanding P2P Lending
3 Players in Operation
3.1 Zopa UK
3.2 Prosper - USA
3.3 Lending Club - USA
3.4 Kiva - USA
3.5 MicroPlace - USA
3.6 Duck9 - USA
3.7 IOU Central – Canada
4 Pre-Launch or Inactive Players
4.1 Zopa USA
4.2 Zopa Italy
4.3 Virgin Money USA
4.4 Boober Netherlands
Report : www.bigmarketresearch.com/314545
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