Interesting to note:
1.) Less default rate for borrowers who are member of some group (remember SHG of Indian MFI industry)
2.) At present; lenders choosing only low risk borrowers with credit rating AA. High risk borrowers still untapped
3.) Competition among P2P platforms has resulted in lazor thin margins for low risk borrowers.
So mix reactions. Check out some of the companies and their distributed amount. Would love to hear futher thoughts on the report.