Lending Platforms grow consumer credit biz

Loan dibursements on P2P Lending platforms like Faircent.com growing month-on-month. Currently, Faircent has disbursed more than Rs. 20 crores till date. With more than 2 lacs registered Borrowers, the platform is averaging Rs. 2 crores of disbursement every month. This is a step towards bringing individuals, SMEs and MSMEs under the purview of organized credit thereby contributing to greater financial inclusion.