Business is growing very fast everyday in worldwide. There more than 100 million businesses are opening every day. Then the financial organizations are also growing with changes; changes for giving more facility and making more comfortable their customer. With this relationship they grow their market potential and stable their business.
I am going to writing here about another financial which comes from the same situation. This is known as person to person lending; which also known as peer to peer or p2p lending. This financial system was born when the others systems failed to fulfill the requited. That days this service served people requirements and it is still serving till now.
This system is stable because of its flexibility with the customer and situation. Here people come with their financial issues and get what best for him. In this platform both lenders (investors) and borrowers got satisfied with their requirements. Because lenders get more interest rates from market or any banks and borrower pay less than banks. This is open platform where once borrower and lenders get register then they can easily see their transaction, this is fast and easy.
This facility also served in financial crisis in 2007-08. The worlds were suffering from major financial crisis only this system served best on that time also. Banks and other financial organizations were unable to solve their people problems. This method provide provided him the financial approaches in that situations also.
