PeertoPeer means equivalence. In English, peer means "peer", "colleague" and "partner". The two P's here, one is a "secondary" customer whose bank is unwilling or unable to lend, but is in urgent need of funds; The other P refers to individual investors who lack financial channels. It is the Internet P2P platform that connects the two parties and provides services, and P2P loans are P2P loans through the Internet P2P platform.
Peer-to-peer microfinance is a business model, which collects a very small amount of money and lends it to people who need it. Its social value is mainly reflected in three aspects: meeting personal capital demand, developing personal credit system and improving the utilization rate of social idle funds. Internet credit companies (third-party companies and websites) are used as intermediary platforms, and the Internet and mobile Internet technologies are used to provide a network platform for information release and transaction realization, connecting borrowers and borrowers to realize their respective lending needs. The borrower publishes the loan target on the platform, the investor bids to lend to the borrower, and both borrowers and borrowers bid freely, and the platform closes the transaction. In the process of lending, information, funds, contracts and procedures are all realized through the network. It is a new financial model developed with the development of internet and the rise of private lending, and it is also the development trend of financial services in the future.
P2p (Internet finance peer-to-peer lending platform) _ Baidu Encyclopedia