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P2P Lending: History and Technology by aurellia nadhira is a document available to read on EtoBox.

What is P2P Lending: History and Technology about?

P2P lending originated in England in 2005 and later spread to China in 2007. It was introduced in Indonesia in 2011 but the first P2P lending company granted approval by OJK was Danamas in 2017. P2P lending works by connecting individuals who need loans directly with individuals who have money to invest through a P2P lending company. However, in 2007 the Chinese P2P lending company Quakle had to shut down because its loan default rate reached 100%.

Author

aurellia nadhira

Language

EN