Asked by Anonymous
Asked on 25 Jun 2019
Why do borrowers choose to take alternative financing via your platform, when they could just take bank loan from banks?
Banks wil only lend out to individuals/companies if they are confident of them repaying back. Consider this: Would you lend a random stranger 10k for their business? SMEs are relatively small and do not have strong backing to secure those loans, so they have to look for alternatives.