SMALL P2P LOAN

SMALL P2P LOAN

MINI P2P LOAN SMALL P2P LOAN MINI PRIVATE LOAN SMALL PEER TO PEER LOANS

A small P2P loan is by definition a mini-loan that is agreed peer-to-peer (P2) between individuals and where a private lender makes available mini cash facility to an individual borrower with the promise of latter to be repaid over a short period in addition to interests.

The small P2P loan between persons is often done either between friends and colleagues or within a family, but there are also many platforms that act as intermediaries between mini-lender and mini-borrower.

The mini P2P loan among individuals is a loan of small amount which is made between two people, and that can be amounting from USD 100 to USD 2000 and has the particularity that the financing is done without going through a lending organization nor a bank.

A small P2P loan where lender and borrower don’t know each other must absolutely be documented by an acknowledgment of debt (or private credit agreement), and also using the internet where a lender lacks of transparency can turn out to be scam.