Peer to Peer Lending. Speed Bumps Ahead..
Contrary to what the newspapers will have you believe, peer-to-peer lending is no recent phenomenon. As far back as the early 19th century, an agricultural economist in Japan Ninomiya Sontoku, started lending programs, known as gojoukou, within rural villages. Loans were extended within the community for just 100 days. Interest free and bound by honour the burden … Continue reading "Peer to Peer Lending. Speed Bumps Ahead.."