There is a lot of curiosity over peer-to-peer lending as an upcoming alternative avenue to earn good returns in the short term. Rajat Gandhi, Founder & CEO, Faircent, says it is equally important to understand the risks involved.

How will P2P contribute to the economic growth in the next 10 years or so?

P2P will be a good substitute in a credit-starved country like us, especially for the micro SMEs. They help in employment generation for the economy and are a good set of borrowers for us. We believe P2P should positively contribute in the credit growth. Secondly, it will unlock utilised wealth for the lenders. It will grow slowly and steadily. 

 

Click here to read the full interview https://economictimes.indiatimes.com/wealth/p2p/p2p-has-great-potential-but-too-early-to-compare-with-equities-/articleshow/65436558.cms?adcode=P2P