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The Mauritius Global Financial Centre (MIFC) has constantly been showing regulatory leadership throughout its presence by frequently upgrading its itemsвЂ™ palette to steadfastly keep up utilizing the fast-moving worldwide industry that is financial.
Peer to Peer financing (P2P lending), also referred to as crowdfunding, is a way where multiple tiny investors collectively provide cash to specified jobs detailed by borrowers in substitution for interest re re payments. P2P financing operations would generally be promoted and handled by way of A p2p operator through an on-line platform acting as matchmaker between loan providers and borrowers. Along with supplying the technical and monetary infrastructure, the P2P operator would be in charge of reviewing the tasks, determining the attention price payable and receivable, risk-rate and credit-rate the jobs (including verification with credit bureau), drafting the expression sheet of this tsinceks along with ensuring the overall management associated with loans, and others.
The MIFC has launched its very own regulatory framework for P2P financing for a restricted foundation by limiting access and then resident borrowers, imposing strict restrictions on quantity of financing per lender and a maturity period that is limited.Read More »P2P lending – setting up as being a platform that is global