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Online or Offline?: The Rise of “Peer-to-Peer” Lending in Microfinance

Author

Listed:
  • Susan Johnson

    (University of Bath, UK)

  • Arvind Ashta

    (Burgundy School of Business, France)

  • Djamchid Assadi

    (Burgundy School of Business (Groupe ESC Dijon-Bourgogne), France)

Abstract

Over the past five years, “peer-to-peer” lending websites have become a new approach to mobilizing funds for on-lending to impoverished people in developing countries (microfinance) and domestic markets. In this paper, the authors review these developments and use the analytical lens of asymmetric information and transactions costs to explain the characteristics of the different models in operation. The authors find that “peer-to-peer” lending is more of an aspiration than a reality. Although web 2.0 technologies have offered new means of mobilizing funds, the borrowing mechanisms at work follow mainstream conventional approaches to the management of lending.

Suggested Citation

  • Susan Johnson & Arvind Ashta & Djamchid Assadi, 2010. "Online or Offline?: The Rise of “Peer-to-Peer” Lending in Microfinance," Journal of Electronic Commerce in Organizations (JECO), IGI Global, vol. 8(3), pages 26-37, July.
    • Handle: RePEc:igg:jeco00:v:8:y:2010:i:3:p:26-37
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    Cited by:

    1. Li, Jianwen & Hu, Jinyan, 2019. "Does university reputation matter? Evidence from peer-to-peer lending," Finance Research Letters, Elsevier, vol. 31(C), pages 66-77.
    2. Chen, Xiao & Huang, Bihong & Ye, Dezhu, 2018. "The role of punctuation in P2P lending: Evidence from China," Economic Modelling, Elsevier, vol. 68(C), pages 634-643.
    3. Gregor Dorfleitner & Eva-Maria Oswald & Rongxin Zhang, 2021. "From Credit Risk to Social Impact: On the Funding Determinants in Interest-Free Peer-to-Peer Lending," Journal of Business Ethics, Springer, vol. 170(2), pages 375-400, May.

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