Bengaluru: MicroGraam, i-lend, LenDenClub and several other peer-to-peer lending platforms are tying up, or considering to do so, with insurance companies to offer cover for borrowers against unforeseen events such as accidents or death that can affect loan repayments. These platforms are partner…
Tag: Shankar Vaddadi
SMEs, MSMEs turn to peer-to-peer lending as bank credit dips
Prolonged slowdown in the corporate sector and the rising bad loans has forced banks to squeeze funding to Micro, Small and Medium Enterprises. As a result these small businesses are increasingly turning to online platforms to raise funds. These online portals works in the space of peer-to-peer l…