P2P lending Peru: TOP 2 platforms One of the major advantages of P2P lending is the easier loan approval process than that of a traditional bank. Most of the time, you’ll have access to an extensive network of loan providers to work with. Despite the fact that some of them might be suspicious of working with individuals who have awful credit, there will always be many willing to make trusted deals. This is a huge benefit for people looking for the money.

Afluenta allows individuals to apply for personal loans of up to S25,000 for 12, 18, 24, 36 or 48 months. The applicant indicates the amount of money he wants and the rate he would be willing to pay. Investors compete to lend their money through the auction by indicating the money with which they wish to participate (S 40 to 100% of the total amount requested) and the rate at which they would be willing to lend.

Facturedo is fintech company (“financial technology” or financial technology in Spanish) that was born in 2015 with the objective of helping SMEs in Latin America obtain liquidity from their accounts receivable. Facturedo operates under a marketplace model that allows companies with capital needs to be connected, and investors looking for safe investment instruments with attractive profitability. In this way companies auction their invoices with payment at 30, 60, 90 and up to 120 days to quickly receive the money they need to continue operating, and investors get a benefit by investing in low-risk instruments such as accounts receivable.

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