Abstract
Online lending—also known as peer-to-peer lending , person-to-person lending , peer-to-peer investing , social lending or P2P lending —is generally defined as the practice of lending funds to unrelated individuals (‘peers’) without going through a traditional financial intermediary such as a commercial bank. This lending takes place online through various lending platforms and credit checking tools developed to P2P lending companies.
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Notes
- 1.
- 2.
Baidu Encyclopedia: http://baike.baidu.com/view/218879.htm?fr=aladdin (in Chinese).
- 3.
Wikipedia: http://en.wikipedia.org/wiki/Grameen_Bank.
- 4.
Investopedia: http://www.investopedia.com/terms/d/disintermediation.asp.
- 5.
Xu [1].
- 6.
Qian and Yang [2].
- 7.
Ceresnie [3].
- 8.
Comparative Analysis of Overseas and Domestic P2P Websites: http://www.rxdai.com/newsdongtai/a394.html.
- 9.
Prosper, P2P Online Lending Platform in the USA: http://www.prosper.org/.
- 10.
Zopa, P2P Online Lending Platform in the UK: http://www.zopa.com/.
- 11.
Kiva, P2P Online Lending Platform in the USA: http://www.kiva.org/.
- 12.
Jun Ma, The Puzzle of P2P Online Lending: http://www.wangdaizhijia.com/news-more-8700.html.
- 13.
UN Capital Development Fund (UNCDF): http://uncdf.org/financial-services-for-the-poor.
- 14.
Hong [4].
- 15.
According to RMB deposit benchmark rates announced by the People’s Bank of China, the annual interest rate of a one-year-term fixed deposit was 3 %: http://www.pbc.gov.cn/.
- 16.
According to the statistics in Chinabond, one-year-term national debt rate was about 3.4 %: http://www.chinabond.com.cn/.
- 17.
According to data released by Jinniu Wealth Management, the comprehensive rate of return in banks were between 4 and 6 % in 2013: http://www.jnlc.com/.
- 18.
Online Private Lending Simmered Below the Surface with Insufficient Fair Industry Regulation http://finance.china.com.cn/money/bank/yhyw/20120924/1038351.shtml.
References
Xu W (2013) On online lending model and illegal fund-raising. E-Journal 2:51–52
Qian J, Yang F (2012) Development status and outlook of P2P online lending in China. Fin Forum 1:46–51
Ceresnie A (2013) Loan quality for 2013: prosper. http://www.orchardplatform.com/loan-quality-for-2013-prosper/
Hong D (2006) Analysis of private lending on the basis of rate marketization. Fin Econ 25:49
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Wang, J.G., Xu, H., Ma, J. (2015). Introduction to Online Lending. In: Wang, J., Xu, H., Ma, J. (eds) Financing the Underfinanced. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-46525-7_1
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DOI: https://doi.org/10.1007/978-3-662-46525-7_1
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