Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Microfinance 2.0 - Group Formation & Repayment Performance in Online Lending Platforms During the U.S. Credit Crunch.

Microfinance 2.0 - Group Formation & Repayment Performance in Online Lending Platforms During the U.S. Credit Crunch.

Klein, Thilo

Paperback

General Sociology

ISBN10: 3838201183
ISBN13: 9783838201184
Publisher: Ibidem Pr
Published: Oct 1 2010
Pages: 110
Weight: 0.31
Height: 0.23 Width: 5.83 Depth: 8.27
Language: English
Microfinance 2.0 examines the role of reputation-based intermediaries on the world's largest peer-to-peer online lending platform. This marketplace as well as other recently opened lending websites allow people to auction microcredit over the Internet and are in line with the disintermediation in financial transactions through the power of enabling technologies. To mitigate severe information asymmetries in anonymous online transactions, the platforms allow lenders to delegate the screening of potential borrowers and the monitoring of loan repayments to designated group leaders. Thilo Klein provides an in-depth study into the mechanisms of these credit information networks and critically assesses their potential to ease access to finance for the credit-constrained during the US credit crunch.

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