Back

Lack of trust, in the market. Second is people with no or near to no credit background info. As p2p has been going on in India since cockroaches were born, but it has been in a completely different narrative..gaon ke kisi lender se, padosi se, to standardize that and digitise it in India i see a lot of challenges.

What is P2P ? Explain please

I wouldn’t considering the no. Of people default on their borrowings in 🇮🇳

P2P has been in India since forever, but we never standardized it ,. already there's a lot of exploitation in informal p2p lending which happens in india currently, our people will get exploit. Since I can assume only farmers mostly taking loan. Frauds will come to India. They will expolit our people, I don't think P2P should come to India as it cons can destroy a lot of people. Though there will be a lot of advantages to it but still for now India is not ready for it. Our few people are innocent.

Great Question, But do you think Government does everything only in benifit of Investors or general public. If so why cigarette , alcohol , crazy example is Betting apps. You're responsible for your money no one does. RBI or any Institution does give disclaimer to safeguard themself to not get a blame. Simple 😀

Pls help someone in need . For example any defaulted account who wants to regain his cibil score . Proper check of there profile and support in this p2p lending it would be very helpful to them ...