Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
New financial scheme
1. NewFinancial Scheme
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
givingmore facilityandmakingmorecomfortabletheircustomer.Withthisrelationshipthey grow
theirmarketpotentialandstabletheirbusiness.
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 aspeer to peer orp2p lending. This financial
system was born when the others systems failed to fulfil the requited. That days this service served
peoplerequirementsanditisstillservingtillnow.
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 orany banks and borrower pay less than banks. Thisis open platformwhere onceborrower
andlendersgetregisterthentheycaneasilyseetheirtransaction,thisisfastandeasy.
Thisfacilityalsoservedinfinancialcrisisin2007-08.Theworldsweresufferingfrommajorfinancial
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
inthat situationsalso.