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Dwipayana, Dimas Pramodya. "LEGAL PROTECTION FOR DEBTORS OF ONLINE LOANS." Legal Standing : Jurnal Ilmu Hukum 4, no. 1 (April 25, 2020): 46. http://dx.doi.org/10.24269/ls.v4i1.2590.
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Business concepts has experienced change from conventional (offline) to that which is digital (online) to win the market. This includes businesses in the financial technology (FinTech). This research aims to analyze the quality of loans in Indonesia FinTech-Peer to Peer (P2P) Lending. The objects of this research are seventy-two companies which establish FinTech-P2P lending. The tool used in this research is the analysis of the loan quality and the data trend from January until October 2018. Results of this research show that borrower and lender accounts have increased by 10,8 times, and it has increased by 1,8 times compared to the previous year. P2P lending has distributed loans as much as Rp.15.990.143.141.355 until October 2018. This number has grown 5,3 times since January of that year. Most of the loans in the P2P lending are current loans, in which its monthly payment is less than 30 days past due as of any date of determination. On average, the loan quality in the P2P lending is dominated by current loans, which reach 97,09%. The rest are non-current loans (1,90%) and bad loans (1,03%) every month. The low rate of non-performing loans shows a good quality of financial transaction. The information from this research may be used as a consideration for the society in using FinTech-P2P Lending for lending funds and investment.
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Wardani, Dewi Kusuma, Simon Pulung Nugroho, and Adia Adi Prabowo. "PENGARUH PERSEPSI ETIS DAN RELIGIUSITAS TERHADAP NIAT UMKM MELAKUKAN PINJAMAN ONLINE PADA MASA COVID-19." Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha 29, no. 2 (August 16, 2021): 81–92. http://dx.doi.org/10.32477/jkb.v29i2.296.
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The high of the online loan platforms growth is a solution for MSME to raising fund during the Covid-19 pandemic. However, online loans are known have unethical business process and violate religious value. This study was conducted to capture whether a person’s ethical and religious perceptions can reduce the intention to make an online loan.
This study uses questionnaires to collect data and snowball sampling method to get sample. This study uses multiple regression analysis to analize the data.
This study found two results. First, ethical perceptions can reduce the intention to make online loans. Second, religiousity has no effect on intention to make online loans. The implication of this research is that borrowers use their ethical perception to reduce ther intention to make online loans rather than their religious values. Therefore, online loans platforms should increase ethical value in their business processes by not charging too high interest and more humane collection process.
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Wahyuni, Raden Ani Eko. "Strategy Of Illegal Technology Financial Management In Form Of Online Loans." Jurnal Hukum Prasada 7, no. 1 (April 7, 2020): 27–33. http://dx.doi.org/10.22225/jhp.7.1.1324.27-33.
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The existence of technological development has an impact on aspects of people's economic life. The emergence of financial technology in the form of online loans makes it easy to get the desired funds in a short and easy process. This study aims to discuss the practice of illegal online lending from the perspective of business ethics. The research method used is Normative Juridical with descriptive analytical research specifications. In the practice of Financial Technology (fintech), namely online loans, several problems have been discovered, such as the emergence of illegal online loans, recorded from January 2018 to April 2019, the Financial Services Authority has blocked 947 types of fintech entities in the form of loans between unlicensed online parties. The existence of illegal financial technology can lead to criminal acts such as fraud, money laundering or misuse of consumer's data. This condition was triggered by many people who did not yet know about the technology financial business. Even for legal online loan services that already have risks, the illegal ones will certainly be more risky, and the last many reports from the public as victims of unethical debt collection by online loan service companies. This happens because of the lack of public knowledge about the legality of online loan service companies
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Virgionandy, Rizkyka, Lalu Husni, and Muhaimin Muhaimin. "The Legal Liability of Fintech Companies for Accessing Telephone Contact Lists and Photo Galleries in the Online Loan Process." International Journal of Multicultural and Multireligious Understanding 8, no. 2 (February 4, 2021): 191. http://dx.doi.org/10.18415/ijmmu.v8i2.2411.
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This research is aimed at analyzing arrangements regarding online loans in Indonesia, analyzing the protection of personal data for accessing telephone contact lists and photo galleries of users in online loans, and analyzing the legal liability of fintech companies for accessing telephone contact lists and photo galleries in the online loan process. used is a normative legal research method, using a statutory approach and a conceptual approach. The results of this first study, regulations regarding online loans according to Indonesian law are contained in POJK No.77 / POJK.0 / 2016, OJK Circular Letter No. 18 / SEOJK.02 / 2017, Bank Indonesia Regulation No. 19/12 / PBI / 2017, Bank Indonesia Regulation No.18 / 40 / PBI / 2016, Regulation of Members of the Board of Governors No.19 / 14 / PADG / 2017, and Regulation of Members of the Board of Governors No. 19/15 / PADG / 2017. Second, the protection of personal data against accessing telephone contact lists and photo galleries in online loans is in the form of preventive protection and repressive protection. Third, the legal accountability of fintech companies for accessing telephone contact lists and photo galleries in the online loan process is carried out by means of civil liability, criminal liability, and administrative responsibility.
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Seon, Junghoon, and Sukman Han. "Herd Behavior of Investors and Default Risks of P2P Online Lending." Korean Journal of Financial Studies 50, no. 3 (June 30, 2021): 315–37. http://dx.doi.org/10.26845/kjfs.2021.06.50.3.315.
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We examine the impact of investors’ herding on the default risk of P2P online loans. More specifically, we first decompose the number of investors in each loan into two components: the component caused by public information and the component reflecting factors other than public information. Then we investigate the effect of each component on the default risk of loans, using an ordered probit analysis. We use the data on 3,720 loans that were traded through 8percent, a Korean price-posted P2P platform from February 2015 to December 2017. We find the results as follows: First, the number of investors is determined by information that are provided by the platform and macro-economic variables (hereafter public information). Second, the number of investors explained by public information decreases the default risk of the loans. However, the number of investors reflecting factors other than public information increases the default risk of the loans. These results are interpreted as an evidence supporting ‘herding’ hypothesis: Investors follow intentionally other investors’ investment decision. These results suggest that the quantity increasement and quality improvement of public information provided by a P2P platform can improve the efficiency of P2P lending market reducing herding caused by factors other than public information.
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Akib, Ma’ruf. "AN ONLINE CREDIT AGREEMENT WITH COLLATERAL IN INDONESIA." International Journal of Law Reconstruction 5, no. 1 (April 29, 2021): 37. http://dx.doi.org/10.26532/ijlr.v5i1.15484.
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Along with the rapid development of information technology which in turn has an impact on economic activity around the world, financial technology is here to provide facilities in the provision of financial services for the community. The ease of convenience offered through unsecured online loans carries the risk of loan defaults made by debtors. The purpose of this research is to find out what is the urgency of the need for collateral as one of the requirements for submitting online loans and how online registration of fiduciary collaterals can be a preventive measure for bad credit in online credit distribution. This study uses a normative-juridical research method. The result of this research is that there is a collateral that the online lending agreement functions as a legal umbrella so that debtors' obligations to creditors are fulfilled so that they avoid default, default, and even investor losses in Fintech P2P Lending activities. The importance of having a fiduciary collateral that is registered in the credit agreement online is to avoid a legal vacuum (rechts vacuum) or legal vacuum (wet vacuum) when there is default or default by the debtor.
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Sari, Marta Widian, and Andry Novrianto. "ANALYZING SEVERAL FACTORS THAT INFLUENCE PEOPLE TO MAKE LOANS ONLINE." JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) 4, no. 2 (September 29, 2020): 179–84. http://dx.doi.org/10.33751/jhss.v4i2.2492.
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The purpose of this study was to determine the influence of cultural factors and psychological factors on people's decisions to apply for online loans (fintech) with religious factors as an intervening variable. The population in this study were the people of West Sumatra. The research sampling method was 100 people using quota sampling. Data processing with SmartPLS 3.0. The results of this study are Cultural Factors mediated by Religious Factors on Community Decisions to Apply for Online Loans (Fintech) and Psychological Factors mediated by Religious Factors on Community Decisions to Apply for Online Loans (Fintech).
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Zhou, Yimin, and Xu Wei. "Joint liability loans in online peer-to-peer lending." Finance Research Letters 32 (January 2020): 101076. http://dx.doi.org/10.1016/j.frl.2018.12.024.
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Shi, Zhaomin. "Credit versus Online Loans: A Case Study from China." Journal of Management and Humanity Research 3 (July 15, 2020): 1–8. http://dx.doi.org/10.22457/jmhr.v03a01101.
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Kamau, Charles Guandaru. "Digital Credit in Kenya: A Survey of Costs, Uses and Borrowers Considerations in Relation to Loan Uptake." East African Journal of Business and Economics 3, no. 1 (September 8, 2021): 164–72. http://dx.doi.org/10.37284/eajbe.3.1.402.
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Digital credit involves use of mobile telephone devices and online platforms to secure short term credit. Digital credit has been on a steady rising trend in Kenya since 2012. Availability of credit by households especially the low-income persons have been of great concern for many years. Digital credit has come in handy to address this concern to a great extent. The main aim of this study was to analyse the cost of digital credit, the uses to which the borrowers apply the digital loans and the factors that they consider before applying for the digital loan in Kenya. The data collection methods used are analysis of secondary data and online surveys. The study analysed the data using paired sample t tests and regression analysis methods. The study observed that there is no significant difference between the cost of digital loans and the banks’ lending rate in Kenya. The findings of this study employment status and loan application have a statistically significant effect on the level of loan uptake. Digital credit users age and loan considerations did not have statistically significant effect on the loan uptake.
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Uddin, Mohammed Jamal, Giuseppe Vizzari, Stefania Bandini, and Mahmood Osman Imam. "A case-based reasoning approach to rate microcredit borrower risk in online Kiva P2P lending model." Data Technologies and Applications 52, no. 1 (February 5, 2018): 58–83. http://dx.doi.org/10.1108/dta-02-2017-0009.
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Purpose The purpose of this paper is to discuss the case-based reasoning (CBR) approach to improve microcredit initiatives by means of providing a borrower risk rating system. Design/methodology/approach The CBR approach has been used to consider the Kiva microcredit system, which provides a characterization (rating) of the risk associated with the field partner supporting the loan, but not of the specific borrower which would benefit from it. The authors discuss how the combination of available historical data on loans and their outcomes (structured as a case base) and available knowledge on how to evaluate the risk associated with a loan request can be used to provide the end users with an indication of the risk rating associated with a loan request based on similar past situations. Findings The adopted approach is applied and evaluated employing a selection of cases from individual loans. From this perspective, the case base and the codified knowledge about how to evaluate risks associated with a loan represent two examples of knowledge IT artifacts. Originality/value The originality of the work lies in borrower risk rating in online indirect peer-to-peer microcredit lending platforms. The case base and the codified knowledge are the two contributions in knowledge IT artifacts.
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Addoum, Jawad M., and Justin R. Murfin. "Equity Price Discovery with Informed Private Debt." Review of Financial Studies 33, no. 8 (October 21, 2019): 3766–803. http://dx.doi.org/10.1093/rfs/hhz128.
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Abstract Equity markets fail to account for the value-relevant nonpublic information enjoyed by syndicated loan participants and reflected in publicly posted loan prices. A long-short strategy that buys (sells) the equities of firms with recently appreciated (depreciated) loans earns large risk-adjusted returns, suggesting a surprising and economically important level of segmentation across the same firm’s capital structure. The information lag captured by trading strategy returns is not affected by drivers of firm-specific attention, including the publication of loan returns in the Wall Street Journal. Instead, returns to the strategy are eliminated among equities held by mutual funds also trading in syndicated loans. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
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Blazhekovikj Toshevski, Marina. "COMPARATIVE ANALYSIS OF ONLINE LOANS IN THE REPUBLIC OF MACEDONIA." Knowledge International Journal 28, no. 5 (December 10, 2018): 1593–96. http://dx.doi.org/10.35120/kij28051593m.
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When the customer can not realize the goals from his own resources, then he starts using other sources of funding even though the conditions for their use are less favorable.In this paper, will be made an analysis of online (fast) loans in the Republic of Macedonia. Below are the conditions that they offer, their characteristics, advantages and disadvantages as well as their concern for the users. Also, will be made a comparative analysis between certain online (fast) loans offered in the Republic of Macedonia. These are non-bank financial institutions that provide customers quick and easy solutions in case of short-term financing. These are companies oriented towards users who actively work to fulfill the established good practices in relations with them and impose their fast performance as a market norm.
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Zakaria, Nor Balkish, Muhammad Rasyid, Norazida Mohamed, Dalila Daud, and Aida Maria Ismail. "Study Loan Defaults Among Tertiary Graduates." International Journal of Financial Research 11, no. 3 (June 30, 2020): 125. http://dx.doi.org/10.5430/ijfr.v11n3p125.
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Educational Loan is an alternative of financial aids that is provided by the study funding agencies of Malaysia to reduce the economic burden of students in order to finance their studies at tertiary education level. Despite the increasing number of students who obtaining these educational loans, the issue of default in loan repayment among borrowers merely needs research attention. Thus this study aims to investigate the factors of study loan default among Malaysia tertiary graduates. Among the factors examined are family income, employment status and loan amount while respondents’ age, gender, marital status and education level are controlled. Questionnaires were distributed to 430 Universiti Teknologi MARA, Johor, Malaysia graduated respondents via online and 209 were returned The result of this study revealed that the employment status, loan amount and education level are significant to study loan default among Malaysian tertiary graduates. The results could serve some highlights to any study financing agencies to further understand their borrower intuitions in paying back loans they owed.
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Jiang, Yang, Yi-Chun (Chad) Ho, Xiangbin Yan, and Yong Tan. "When Online Lending Meets Real Estate: Examining Investment Decisions in Lending-Based Real Estate Crowdfunding." Information Systems Research 31, no. 3 (September 2020): 715–30. http://dx.doi.org/10.1287/isre.2019.0909.
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Lending-based real estate crowdfunding, which involves the use of real estate to secure loans, has emerged as a promising alternative with lower risk than peer-to-peer lending. This study provides insights into understanding how lenders’ investment behavior is shaped by various information in such an emerging market. Using a data set from a large platform over 17 months, the authors find that lenders as a whole prefer loans secured by a borrower’s house to those secured by a mortgage, as reflected in quicker and larger lending transactions. Experienced lenders tend to invest more aggressively, in both time and amount, but exhibit a weaker preference for loans secured by a borrower’s house. A rise in housing prices is associated with quicker lending decisions, and this association is found to be stronger for loans secured by a borrower’s house. When stock market volatility is large, lenders tend to slow down their investments; such a tendency is attenuated for loans secured by a mortgage. The authors suggest that lender heterogeneity in responding to different collateral types should be incorporated into the platform’s design of an automatic transaction or a recommender system. Moreover, platform managers should consider economic conditions at the macro level when deploying their marketing strategy.
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Wang, Han, Zhi Peng Zeng, Ying Liu, Geng Peng, and Fu Ben Lv. "Information Asymmetry, Adverse Selection, and Mechanism Design —The Case of Renrendai.com." Asian Journal of Finance & Accounting 10, no. 2 (September 26, 2018): 16. http://dx.doi.org/10.5296/ajfa.v10i2.13564.
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The influence of information asymmetries and adverse selection on market breakdown is attracting considerable attention. Previous researches demonstrated that information asymmetries and adverse selection are critical issues in online peer-to-peer lending platforms, especially in emerging markets. We believe that information asymmetries can be mitigated through mechanism design. We compare two screening mechanisms, namely, “offline” and “online” mechanisms, by using a dataset from Renrendai.com. We determine that the problems attributed to information asymmetries play a negative role in market efficiency under the “online” mechanism, whereas the “offline” mechanism effectively mitigates these issues. Under the “offline” mechanism, potential borrowers can obtain loans with a high probability of approval and an interest rate that is lower by 0.02 than that under the “online” mechanism, and the default probability of their loans is reduced by 24% in comparison with that under the “online” mechanism.
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Hao, Yu, Shuang Liu, Zhu Liduzi Jiesisibieke, and Yi-Jie Xu. "What Determines University Students’ Online Consumer Credit? Evidence From China." SAGE Open 9, no. 1 (January 2019): 215824401983359. http://dx.doi.org/10.1177/2158244019833594.
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In recent years, online consumer credit in China has boomed. Many Chinese undergraduates are interested in utilizing online consumer credit to meet their increasing consumption needs. However, the explosion in online loans to students has created many problems. Based on a survey of 286 undergraduate students from four universities in Beijing, the capital of China, this study provides an empirical analysis of the economic and social determinants of undergraduates’ consumer credit. The estimation results indicate that online consumer credit demand is positively related to years of schooling, monthly living expenses, financial support from the student’s university, and consumption preferences. However, other factors, including major field of study, highest level of parental education, and advertisements in the media and on campus, have negative influences on undergraduates’ online consumer credit. The findings have significant practical and policy implications. Specifically, it is necessary and important for the government, universities, and families to coordinate to guide and educate college students to utilize online loans properly and wisely.
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Johnson, Carrie L., Barbara O’Neill, Sheri Lokken Worthy, Jean M. Lown, and Cathy F. Bowen. "What Are Student Loan Borrowers Thinking? Insights From Focus Groups on College Selection and Student Loan Decision Making." Journal of Financial Counseling and Planning 27, no. 2 (2016): 184–98. http://dx.doi.org/10.1891/1052-3073.27.2.184.
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This study used data from online focus groups collected from November 2014 to April 2015 to understand college students’ decision-making processes when borrowing money to finance their education. Data were collected using an online course management system. Results suggest that (a) students relied heavily on advice from parents, guidance counselors, and friends; (b) attending college was not possible without student loans; and (c) students knew very little about the loans they would be responsible for repaying. Recommendations for financial educators and counselors to help student borrowers make prudent decisions about education debt are presented.
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Nani, Dhiona Ayu, and Lia Febria Lina. "Kekhawatiran Privasi pada Kesuksesan Adopsi FinTech menggunakan Model DeLone dan McLean." Performance 27, no. 1 (January 31, 2020): 60. http://dx.doi.org/10.20884/1.jp.2020.27.1.2250.
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ABSTRACT Industry 4.0 has produced many changes in all fields of industry, one of which is FinTech as an innovation in the financial sector. This study aims to fill the gaps of various previous studies by testing the DeLone and McLean Models. As well as testing how the role of privacy concerns can reduce perceptions of information quality in intentions to use FinTech. The object of this research is SMEs in Indonesia. The results of this study indicate that perceptions about the quality of information and services have a positive and significant effect on intention to use FinTech. The factor of privacy concern as a moderating variable has an important role in influencing the intention to adopt technology, so someone who has high concerns can reduce the intention to use online loans. OJK as the owner of the highest authority in the field of finance and banking, is expected to be able to guarantee the safety of online loans, in order to reduce the concerns of MSME owners regarding data that might be misused if using online loans.
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Potts, David. "Library Loans Online: a new channel for a traditional service in England." Interlending & Document Supply 36, no. 3 (August 15, 2008): 149–51. http://dx.doi.org/10.1108/02641610810897863.
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Li, Zhiyong, Ke Li, Xiao Yao, and Qing Wen. "Predicting Prepayment and Default Risks of Unsecured Consumer Loans in Online Lending." Emerging Markets Finance and Trade 55, no. 1 (July 24, 2018): 118–32. http://dx.doi.org/10.1080/1540496x.2018.1479251.
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Wahyuni, Wahyuni. "ASPEK HUKUM TERHADAP TRANSAKSI PINJAMAN ONLINE." Tadayun: Jurnal Hukum Ekonomi Syariah 2, no. 1 (September 19, 2021): 25–40. http://dx.doi.org/10.24239/tadayun.v2i1.14.
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Abstract
Online loans are currently being discussed a lot, especially regarding the legality underlying. Where there is no clarity regarding the transaction mechanism and the legal consequences of the achievements made by both parties, and also not a few who end it through criminal law. In this regard, the authors would like to emphasize several legal aspects of this online loan transaction by conducting a normative-empirical legal analysis, using several approaches, including the approach to related laws and regulations, a case study approach related to online loan cases and a comparative approach or comparison to compare loan transactions made online and loan transactions made offline. Because the transaction mechanism is carried out online, this agreement cannot be separated from the principles adopted in civil law as well as the conditions for the validity of an agreement, so that even though online loan transactions are carried out online, they must be subject to applicable laws and regulations. and carry out the process of validating data and information for each party so that in the event of a default by one of the parties it can be resolved without harming one of the parties in the transaction.
Abstrak
Pinjaman Online saat ini sedang banyak diperbincangan terutama mengenai payung hukum yang mendasarinya. Dimana belum ada kejelasan terkait bagaimana mekanisme transaksinya serta bagaimana akibat hukum dari prestasi yang dilakukan oleh kedua belah pihak, dan pula tidak sedikit yang mengakhirinya melalui jalur hukum pidana. Berkaitan dengan hal tersebut, maka penulis ingin menegaskan beberapa aspek hukum terhadap transaksi pinjaman online ini dengan melakukan analisis secara hukum normatif-empiris, dengan menggunakan beberapa pendekatan, antara lain pendekatan peraturan perundang-undangan terkait, pendekatan studi kasus yang berkaitan dengan kasus pinjaman online dan pendekatan komparasi atau perbandingan untuk membandingkan transaksi pinjaman yang dilakukan secara online dan transaksi pinjaman yang dilakukan secara offline. Oleh karena mekanisme transaksi yang dijalankan secara online, maka perjanjian ini tidak terlepas dari prinsip-prinsip yang dianut dalam hukum keperdataan serta yang menjadi syarat sahnya suatu perjanjian, sehingga transaksi pinjaman online tersebut sekalipun dilakukan secara online, namun harus tunduk pada perundang-undangan yang berlaku serta melakukan proses validasi data dan informasi masing-masing pihak sehingga ketika terjadi wanprestasi oleh salah satu pihak dapat diselesaikan tanpa merugikan salah satu pihak dalam transaksi tersebut.
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Pachlevi, Fachmi, and Sopacua, Ivana Oktarina. "The Effect of Digital Unsecured Loans and DTI Ratio on Risk-Taking Behavior." Asia Proceedings of Social Sciences 5, no. 2 (December 30, 2019): 133–36. http://dx.doi.org/10.31580/apss.v5i2.1108.
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The objective of this study was to examined the effect of digital unsecured loans and DTI ratio on changes in risk-taking behavior of the household sectros. Increasing of P2P lending is clearly unstoppable in Indonesia. Digital unsecured loans success to simplify credit process, because online-based credit aplication. However, these simply process are followed by high-interest rate. Many people apply for credit without considering risk. The convenience of digital unsecured loans making people forget about high annual percentage rate. Finally, occur increase potential bad loans in the household sectros. Collection of data was carried out through experiments 2 x 2 factorial design. The results shows that digital unsecured loans increases risk-taking behavior of household sectors. DTI ratio also can be used as an internal control of household sectors to prevent increased risk-taking behavior
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Sari, Andina Paramita, Yusaq Tomo Ardianto, and Dwi Arman Prasetya. "The Application of P2P Lending Platform on MSMEs "GO Online Program" at NGALUP.CO." Management and Economic Journal (MEC-J) 5, no. 1 (April 26, 2021): 45–58. http://dx.doi.org/10.18860/mec-j.v5i1.11708.
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This study aims to identify the characteristics and influence of the Self Efficacy, Social Influence, and Performance Expectancy variables on Behavioral Intention on MSME GO Online at Ngalup.co program in Malang City by utilizing the Peer to Peer (P2P) Lending Platform. This research is classified as an explanatory research, which is scientific research conducted to explain the relationship between the variables studied through hypothesis testing. Additionally, this study utilizes a quantitative form with the aim of examining the factors that influence the use of P2P Lending of Go Online Program at Ngalup.co. The TCR value falls into the high category which means that MSMEs who are members of the Ngalup.co Program in Malang City is classified as high. This means that respondents expect the use of the P2P lending system to produce output and increase work productivity. This study concludes that the respondents have the view regarding online loans as a promising platform for accessing capital for MSME businesses. Several cases indicate that online loans provide lower interest rates and risks, thus MSME business players are greatly assisted by low installments and interest.
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Babu Mani, Shankar, and Viswanathan Ekambaram. "Antecedents of the service quality for housing loan customers of Indian banks." Banks and Bank Systems 16, no. 1 (April 5, 2021): 195–204. http://dx.doi.org/10.21511/bbs.16(1).2021.17.
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The purpose of this paper is to explore the influence of the cost of borrowing, processing time and documentation on the service quality of banking institutions in India that sanction housing loans. A research framework was designed to consider the independent variables influencing service quality by unearthing research gaps in the extant literature on housing loans. All research gaps were transformed into a questionnaire, to which 535 useful responses were received. A five-point Likert scale was used, and a structural equation model was formulated using ADANCO 2.0.1 – all hypotheses were tested with ADANCO. The findings clearly indicate the relevance of the service quality in banking sectors in India. There is a significant relationship between the three independent variables (cost of borrowing, processing time and documentation) and service quality. The outcome of banking service quality is measured through initial personal contact, online banking services, the humanitarian approach, provision of information for services, promise of service delivery and field verification, with all these measures having a very strong impact. This study is restricted to India only, but could be extended to other developing countries in South Asia in the future. This study could also be extended to cover other types of banking loans offered by banking institutions in India. The paper concludes that it is time for banking institutions to take action to sanction housing loans with a view to introducing the instant sanctioning of bank loans that come with real-time access, without resorting to bureaucratic policies and procedures for housing loan customers.
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Nugraheni, Ninis. "Crowdfunding-Based Fiduciary Warrant in Providing Capital Loans for Small and Medium Enterprises." Hasanuddin Law Review 6, no. 3 (December 8, 2020): 224. http://dx.doi.org/10.20956/halrev.v6i3.2201.
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Small and Medium Enterprises (SMEs) are organized through people's creativity in developing human and natural resources. However, investment challenges often affect their implementation and production processes, necessitating solutions, such as capital loans from banks and other entities. Crowdfunding is an online loaning service that provides easily accessible loans to SME startups, though a warrant to protect creditors from losing money to ingenuine people is necessary. Therefore, this study examines the appropriateness of a fiduciary warrant as a SMEs collateral object. When fiduciary is used as a loan warrant, debtors are allowed to use collateral objects in their production processes. To make a fiduciary warrant effective, legal protection is required. This study used juridical-normative that relied on legal norms in legislation and court verdicts dealing with societal organizational issues. The results showed that crowdfunding-based credit is an alternative with more straightforward procedures compared to conventional entities.
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Abdillah, Muhammad Alwin. "HUKUM MENGHADIRKAN SAKSI PADA TRANSAKSI UTANG PIUTANG PERSPEKTIF MUHAMMAD ABDUH." Jurisprudensi: Jurnal Ilmu Syariah, Perundang-undangan, Ekonomi Islam 10, no. 2 (June 28, 2019): 175–94. http://dx.doi.org/10.32505/jurisprudensi.v10i2.948.
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Debt Receivable In Islam is a Jaiz thing or is allowed, but Islam regulates the systematic debt indebtedness. Fluctuations in economic conditions sometimes force someone to borrow money. The loan application is usually diverse, ranging from official financial institutions such as banking or any dimension online. However, there are also some circles who prefer to borrow on friends and relatives. Not without reason, the loan is certainly no frills interest and any collateral. As long as mutual trust, loans will certainly be given. Unfortunately, however, many are abusing the belief by not paying the debt on time. In fact, there are also deliberately pretending to forget.
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Alexander, Baah, Tan Zhongming, Ding Guoping, Albert Henry Ntarmah, and Asare Evans Kwabena. "Credit Risk Classification in Peer-to-Peer Marketplaces: The Nexus of Neural Network Approach." Business and Economic Research 10, no. 1 (February 3, 2020): 196. http://dx.doi.org/10.5296/ber.v10i1.16372.
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Financial innovation in recent years have prominently contributed to the growth of Peer-to-Peer lending marketplaces allowing individual and businesses to secure loans on a common internet-based network. Similar to the ‘bricks and mortar’ banking system, online lending is coupled with the problem of information asymmetry. Borrower risk assessment has henceforth become the major concerns of various platforms that aim to reducing information imbalance towards mitigating credit risk. In this article, authors compared two learning algorithms – Logistic regression and Artificial Neural Network to classify borrowers based on loan repayment schedule. We revealed that both approaches were robust in classifying late borrowers with logistic regression being 0.02% more robust than Neural Network. Regarding variable relative importance, gender is considered the least important variable whereas terms-of-repayment is the most important variable affecting borrowers’ intention to pay off loans. Even though our study contributes to existing literature, it is however not limited to determining factors that may affect lenders’ investment decision in social lending.
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Hartono, Bambang Dwi, Ahmad Diponegoro, MSIE ,. Ph D. Diponegoro, and Indra Yuliawan, SE, MBA, QCRO Yuliawan. "THE ADVANTAGES OF THE MICRO EQUITY MODEL FOR MSME BUSINESS RESILIENCE IN YOGYAKARTA DURING PANDEMIC." Jurnal Manajemen dan Kewirausahaan 23, no. 2 (September 17, 2021): 167–76. http://dx.doi.org/10.9744/jmk.23.2.167-176.
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Many MSME business enterprises were severely hit during the Covid-19 pandemic. This study examined a micro equity financing model as an innovative answer to conventional loans in assisting MSME to survive during and after the pandemic. The micro equity financing model employed a profit-sharing system with flexible repayment and without collateral. A qualitative, descriptive data processing approach was employed. Interviews were conducted online with respondents of MSME that use the micro equity model in the Trust Network Finance (TNF) project in Yogyakarta. It was found more than 75% of MSMEs in Yogyakarta had experienced contractions on the marketing of their business. And more than 50% of MSME players in Yogyakarta had experienced problems in repaying loans due to the Covid-19 pandemic crisis. We suggested from the results that the micro equity model had shown to provide many benefits to MSME, especially in marketing and financial aspects, such as more accessible loan applications, flexible repayment schedules, and business assistance.
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Wang, Xiaolun, Yunjie Calvin Xu, Tian Lu, and Chenghong Zhang. "Why do borrowers default on online loans? An inquiry of their psychology mechanism." Internet Research 30, no. 4 (April 6, 2020): 1203–28. http://dx.doi.org/10.1108/intr-05-2019-0183.
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PurposeIn the online microloan market, the ability to evaluate the credit risk of borrowers is key to business success. Based on the general strain theory, this study proposes a contextualized two-stage model with stress factors, negative affects and constraint factors to explain the psychological mechanism of borrowers' default behaviors.Design/methodology/approachAn online survey is conducted to test the hypotheses. We collect and analyze 713 valid responses through a structural equation model.Findings(1) Economic and social strains experienced by borrowers can cause four types of negative affects: life dissatisfaction, perceived unfairness, inferiority feeling and loneliness; (2) Both strains and negative affects have a considerable effect on borrowers' default intention; (3) Moral norm plays a negative moderating role in the relationship between strains, negative affects and default behavior, whereas perceived deterrence shows a strong main effect.Originality/value(1) This study introduces the GST from sociology and criminology, and contextualizes it in the microloan context to explain default behavior; (2) This study provides a comprehensive and staged psychological mechanism to explain deviant behavior; (3) This study bears critical implications for the current practice in credit assessment and default prevention.
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Zhang, Nailong, Qingyu Yang, Aidan Kelleher, and Wujun Si. "A new mixture cure model under competing risks to score online consumer loans." Quantitative Finance 19, no. 7 (January 18, 2019): 1243–53. http://dx.doi.org/10.1080/14697688.2018.1552791.
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Li, Siming, Zhangxi Lin, Jiaxian Qiu, Roozmehr Safi, and Zhongyi Xiao. "How friendship networks work in online P2P lending markets." Nankai Business Review International 6, no. 1 (March 2, 2015): 42–67. http://dx.doi.org/10.1108/nbri-01-2014-0010.
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Purpose – The purpose of this paper is to study the effects of multidimensional friendship networks on economic outcomes in the domain of online people-to-people (P2P) lending markets. Design/methodology/approach – The empirical analysis is based on the data set of transactions and friendship networks from PPDai.com market, the most prominent P2P lending market in China. A friendship hierarchy is proposed in this paper to conceptualize friendship network types. Furthermore, methodologies of t-test, logistic regression and ordinary least squares regression are implemented to measure the impact of multidimensional friendship network variables on the probability of successful funding, as well as the interest rates on funded loans. Findings – The study demonstrates significant effects of structural, relational and cognitive friendship networks using PPDai.com data. The results indicate that structural friendship network measured in terms of the number of friendship ties is a significant factor of funding performance. Additionally, borrowers, who are involved in higher-quality friendship networks, are more likely to be funded and pay lower interest rates on funded loans. Also, the deeper the level of the relationship is in the friendship hierarchy, the more significant will be the effect of friendship on the final economic results. Furthermore, quality is more important than quantity in determining funding performance. Originality/value – This paper is the first to study the effects of multidimensional friendship networks on economic outcome variables in the domain of online P2P lending, thus broadening the theory of multidimensional social capital, which can deepen our understanding about how social networks work and have significant implications practically and theoretically.
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Suhartono, Suhartono, and Achmad Tjahjono. "STUDI STRATEGI PENANGANAN PINJAMAN/PEMBIAYAAN KSP/KSPPS DI ERA PANDEMI COVID-19 DI DAERAH ISTIMEWA YOGYAKARTA." Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha 29, no. 2 (July 19, 2021): 39–56. http://dx.doi.org/10.32477/jkb.v29i2.272.
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The objectives of this study are: Mapping short-term and long-term strategies for Koperasi Simpan Pinjam (KSP) and or Koperasi Simpan Pinjam Syari’ah (KSPPS) in handling loans in the Covid-19 pandemic era and mapping KSP/KSPPS strategies in handling non-performing loans. in the era of the covid-19 pandemic. This research is a qualitative descriptive study. The data collected is in the form of data on the handling of loans/financing carried out by KSP and KSPPS. Data collection methods used are documentation, questionnaires and interviews. Documents in the form of RAT reports for 2020 and 2021, questionnaires and interviews were conducted online using google forms and chat, with the research subjects being KSP and KSPPS managers throughout DIY. The results of the study indicate that there are 5 (five) short-term strategies and 4 (four) long-term strategies that need to be implemented, while there are 3 (three) strategies that need to be implemented in handling non-performing loans. The limitation of this study is that in digging up data, it only uses Google Forms which are distributed to several social media groups as well as individual KSP/KSPPS managers and also interviews with online systems so that the sample cannot be large. Meanwhile, recommendations that can be given for future research are that more research samples can be added, and the research area can be expanded.
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HAKIM BF, ARI RAHMAD, I. GUSTI AGUNG WISUDAWAN, and YUDI SETIAWAN. "PENGATURAN BISNIS PINJAMAN SECARA ONLINE ATAU FINTECH MENURUT HUKUM POSITIF DI INDONESIA." GANEC SWARA 14, no. 1 (March 6, 2020): 464. http://dx.doi.org/10.35327/gara.v14i1.122.
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Online credit lending or referred to as “Fintech” is now developing in Indonesian society and is considered as a solution to get loans without collateral for consumptive purposes. The development of Fintech certainly requires supervision by the Financial Services Authority (OJK). This research is a normative research with a statutory approach, conceptual approach, and case approach. This study also uses primary, secondary , and tertiary legal materials. The technique of collecting legal materials used in this research is the study of legal documentation, then analyzed in a qualitative descriptive manner. The results show that: 1). Online credit loan or fintech business arrangements according to positive law in Indonesia are regulated by Bank Indonesia Regulation, No 18/40 / PBI / 2016 and No 19/12 / PBI / 2017, Member of the Board of Governors Regulation No. 19/14 / PADG / 2017 and No 19/15 / PADG / 2017. 2), the form of supervision carried out by the Financial Services Authority (OJK) of the online credit business is an integrated and coordinated supervision system between legal structures such as the Police, BI. OJK, and Investment Alert Task Force
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Penikas, Henry. "Review of the Bank of Russia – NES workshop ‘Identification and measurement of macroprudential policies’ effects’." Russian Journal of Money and Finance 80, no. 3 (September 2021): 94–104. http://dx.doi.org/10.31477/rjmf.202103.94.
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In the first week of June 2021, the Bank of Russia and the New Economic School hosted a joint international online workshop titled ‘Identification and Measurement of Macroprudential Policies Effects’. Participants’ presentations suggest that macroprudential policy measures against high-risk lending produce their intended effects, but also, as a rule, bring about side effects. These effects may include a reduction in low-risk loan disbursements, if such measures are disincentivising in nature (as in Russia), or, vice versa, significant growth in the portfolio of low-risk loans, if the macroprudential tools are of a restrictive nature (as in Switzerland and Ireland).
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Pi, Tianlei, Yaosen Liu, and Jiahui Song. "Does Geographical Discrimination Exist in Online Lending in China: An Empirical Study Based on Chinese Loan Platform Renren." International Journal of Financial Studies 8, no. 1 (March 9, 2020): 15. http://dx.doi.org/10.3390/ijfs8010015.
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Background: Online lending has developed rapidly in China in recent years, into a typical Internet financial model. China’s online lending related issues have received widespread attention from scholars. Methods: This study used 396,634 order data-points (935,037 original order data-points) from the Renren Loan website since its inception in January 2017. We used ordinary least squares (OLS) regression to study the problem of geographical discrimination in online lending in China, and we conducted two robust tests. Results: Studies have shown that significant geographical discrimination exists in China’s online lending market. From the perspective of the lender, different investment intentions exist for borrowers from various regions, thereby leading to variations in the success rates of loans. From the perspective of the borrower, the belief exists that borrowers from different regions will have varying interest rates because of the effect of geographical discrimination. Conclusion: We believe that geographical discrimination is due to the effects of the economic, financial, educational, and ethnic conditions of the borrower’s location on willingness to invest and the success rate of borrowing. However, borrowers’ self-discrimination is primarily related to economic and ethnic differences among provinces.
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Novinna, Veronica. "Perlindungan Konsumen dari Penyebarluasan Data Pribadi oleh Pihak Ketiga: Kasus Fintech Peer”To Peer Lending”." Jurnal Magister Hukum Udayana (Udayana Master Law Journal) 9, no. 1 (May 31, 2020): 92. http://dx.doi.org/10.24843/jmhu.2020.v09.i01.p07.
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Online loans are an instant method to get loans with technology basis and under control of the Financial Services Authority. Startups organizer have failed to protect consumers personal information thus creates problem in collecting debts."This study aims to explain and analyze" the”Legal Position of the Debt Collector in the administration of fintech and the legal consequences of the act of suppressing payments to consumers who fail to pay unlawfully.”This type of research used is normative juridical conducted with the approach of existing laws and regulations in Indonesia. Based on the research results obtained, there is a relationship or position of a third party with an online loan provider as a debt collector in a loan default, and this is explicitly explained in the P2P Lending fintech service delivery guidelines. "The legal consequences of the act of suppressing payments in the form of distribution" consumer personal data from the debt collector of the party organizing P2P Lending where "the consumer has the right to get legal protection through the filing of a claim of loss" arising as well as the organizer may be subject to administrative sanctions for his negligence.
Pinjaman online ialah pinjaman cepat berbasis teknologi yang diawasi oleh OJK, beberapa penyelenggara telah lalai dalam menjaga data pribadi konsumen sehingga menimbulkan permasalahan dalam penagihan hutang kepada konsumen. Penelitian ini bertujuan untuk menjelaskan dan menganalisis Kedudukan Hukum Debt collector dalam penyelenggaraan fintech dan akibat hukum terhadap tindakan menekan pembayaran kepada konsumen gagal bayar dengan cara melawan hukum”. Jenis Penelitian yang dipergunakan ialah yuridis normatif yang dilakukan dengan pendekatan peraturan perundang-undangan yang ada di Indonesia. Berdasarkan hasil penelitian yang didapat yakni adapun hubungan atau kedudukan pihak ketiga dengan penyelenggara pinjaman online adalah sebagai penagih hutang dalam pinjaman gagal bayar dan hal tersebut dijelaskan secara eksplisit dalam pedoman perilaku pemberian layanan fintech Peer to Peer Lending (P2P Lending).”Adapun akibat hukum terhadap tindakan menekan pembayaran berupa penyebaran data pribadi konsumen dari debt collector pihak penyelenggara P2P Lending dimana konsumen berhak mendapat perlindungan hukum melalui pengajuan tuntutan kerugian yang timbul serta pihak penyelenggara dapat dikenakan sanksi administratif atas tindakan kelalaiannya.
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Rashid, Amber Gul, and Lalarukh Ejaz. "Interest free micro credit loans: Pakistani female entrepreneurs." Journal of Islamic Marketing 10, no. 3 (September 9, 2019): 860–73. http://dx.doi.org/10.1108/jima-04-2018-0071.
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Purpose The purpose of this study is to examine the impact of interest free micro credit loans on the lives and business of the female borrowers. Design/methodology/approach Both primary and secondary data have been used. Case studies of four different female entrepreneurs have been included as part of the research. The observation was conducted over an extended period of time. Subsequently, interviews were conducted with four beneficiaries to know the role played by interest free micro credit loans in improving (or not!) their lives and businesses. Findings Interest free micro credit loans played a significant role in bringing a positive change in the lives of the borrowers. Clients mentioned that “zero interest rate” and “flexible repayment schedules” were the main reason for obtaining loans from this source. Further, they suggested that there is a need for training/workshops, feedback/monitoring, networking and online repayment system to make interest free micro credit loans more successful. Research limitations/implications The focus of the study is limited to only four female borrowers in Karachi. Future studies can include other cities and cross-gender comparisons for better understating. Practical implications This study will help microfinance organizations to assess the problems faced by the borrowers; it will also shed light on the motivations of borrowers. Originality/value Interest free micro credit loans were provided to women entrepreneurs in a social experiment and implications were observed.
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Ai, Wei, Roy Chen, Yan Chen, Qiaozhu Mei, and Webb Phillips. "Recommending teams promotes prosocial lending in online microfinance." Proceedings of the National Academy of Sciences 113, no. 52 (December 14, 2016): 14944–48. http://dx.doi.org/10.1073/pnas.1606085113.
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This paper reports the results of a large-scale field experiment designed to test the hypothesis that group membership can increase participation and prosocial lending for an online crowdlending community, Kiva. The experiment uses variations on a simple email manipulation to encourage Kiva members to join a lending team, testing which types of team recommendation emails are most likely to get members to join teams as well as the subsequent impact on lending. We find that emails do increase the likelihood that a lender joins a team, and that joining a team increases lending in a short window (1 wk) following our intervention. The impact on lending is large relative to median lender lifetime loans. We also find that lenders are more likely to join teams recommended based on location similarity rather than team status. Our results suggest team recommendation can be an effective behavioral mechanism to increase prosocial lending.
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Kweku Asiama, Rexford, Anthony Amoah, and Godson Ahiabor. "Does mobile money business influence non-performing loans in the traditional banking sector? Evidence from Ghana." African Journal of Business and Economic Research 15, no. 4 (December 1, 2020): 171–88. http://dx.doi.org/10.31920/1750-4562/2020/v15n4a8.
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The study analyzes the influence of mobile money business on the growth of non-performing loans in Ghana. Quarterly time-series data from 2000-2018 are used. This secondary data was obtained from the the New International Database of Financial Fragility and the Bank of Ghana online database. In the absence of data on quarterly volumes of mobile money transactions or the estimated number of firms, we present groundbreaking macro-level evidence of how mobile money business operations contribute to the problem of nonperforming loans in Ghana. We estimated an autoregressive distributed lag model (ARDL) and find that mobile money business operations positively influence non-performing loans in Ghana. This influence persists in the long-run and raises some policy implications for the banking sector in the country. The paper recommends the need for regulators to develop a policy that creates a well-connected and transparent financial system.
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Perrotta, Adamaria, and Georgios Bliatsios. "Why segmentation matters: a Machine Learning approach for predicting loan defaults in the Peer-to-Peer (P2P) Financial Ecosystem." Risk Management Magazine 16, no. 2 (August 18, 2021): 35–49. http://dx.doi.org/10.47473/2020rmm0089.
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Peer-to-Peer (P2P) lending is an online lending process allowing individuals to obtain or concede loans without the interference of traditional financial intermediaries. It has grown quickly the last years, with some platforms reaching billions of dollars of loans in principal in a short amount of time. Since each loan is associated with the probability of loss due to a borrower's failure, this paper addresses the borrower's default prediction problem in the P2P financial ecosystem. The main assumption, which makes this study different from the available literature, is that borrowers sharing the same homeownership status display similar risk profile, thus a model per segment should be developed. We estimate the Probability of Default (PD) of a borrower by using Logistic Regression (LR) coupled with Weight of Evidence encoding. The features set is identified via the Sequential Feature Selection (SFS). We compare the forward against the backward SFS, in terms of the Area Under the Curve (AUC), and we choose the one that maximizes this statistic. Finally, we compare the results of the chosen LR approach against two other popular Machine Learning (ML) techniques: the k Nearest Neighbors (k-NN) and the Random Forest (RF).
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Stout, Noelle. "#Indebted: Disciplining the Moral Valence of Mortgage Debt Online." Cultural Anthropology 31, no. 1 (October 23, 2015): 82–106. http://dx.doi.org/10.14506/ca31.1.05.
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The 2008 mortgage crash and the online publics that have emerged in its aftermath have reshaped American interpretations of indebtedness. Combining research among homeowners facing foreclosure in California’s Sacramento Valley with an analysis of the national online forums they frequent, I show how participants rethink the moral scaffolding of debt relations within what I describe as online publics of indebtedness. Anonymous online publics foster experiences of disembodied autonomy that encourage debt refusal and discipline the middle-class ethics of debt abandonment, as participants distinguish between mortgagors who deserve not to pay their debts and those they deem irresponsible for defaulting on their loans. In contrast, participation in semipublic social networks and online forms of publicity emphasizes new affective orientations toward debt obligations. My analysis contributes to an anthropological scholarship on moral economies by exploring the role of distinct forms of new media in shaping everyday experiences of indebtedness in late-capitalist financial markets.
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Anita, Anita, and Nana Suarna. "PEMBERIAN PINJAMAN KREDIT SECARA ONLINE MELALUI SISTEM PENDUKUNG KEPUTUSAN MENGGUNAKAN THE SATISFICING MODEL DI PT. BFI FINANCE INDONESIA CIREBON." INTERNAL (Information System Journal) 1, no. 1 (November 2, 2018): 1–11. http://dx.doi.org/10.32627/internal.v1i1.32.
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The existence of the internet today provides benefits directly or indirectly to the business world, education, community and more, from small to large scale. With the internet facility data can be stored, retrieved and sent easily to all directions. So can not be denied the existence of internet website becomes the main requirement in providing the fastest information in globalization today. In the creditworthiness assessment conducted by PT. BFI Finance Indonesia Cirebon is still experiencing difficulties. The presentation of credit lending information is often delayed. One form of utilization of this facility is by making Decision Support System Online Loan Disbursement Using The Satisficing Model. This system will be used to analyze the personality and income of a person who will perform vehicle loans. By using this analytical method is expected to generate and simplify the process of acceptance of creditor candidates in accordance with the expected criteria so as to streamline the cost and time.
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Dzhaksybekova, G. N., and A. F. Nazhmudinova. "MAIN DEVELOPMENT TRENDS OF NEW BANKING PRODUCTS IN THE REPUBLIC OF KAZAKHSTAN." EurasianUnionScientists 7, no. 4(73) (May 12, 2020): 21–26. http://dx.doi.org/10.31618/esu.2413-9335.2020.7.73.694.
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The purpose of the research: to substantiate the main trends in the development of new banking products and offer the most popular new banking product, which contributes to the attractiveness and competitiveness of banks in the Kazakhstan market This article discusses the main trends in the development of new banking products in the Republic of Kazakhstan. It was noted that the Kazakhstan market has its own unique characteristics of the development and implementation of financial technologies. It is concluded that one of the priority technological products, which has not yet gained distribution in Kazakhstan at the moment, is online lending. The introduction of such a product into an existing bank will have two main positive effects for its activities: Interest income, the source of which is mainly loans, make up the dominant part of all bank income. Creating the possibility of obtaining this product through remote banking services (hereinafter referred to as RBS) and establishing an automatic “credit” conveyor, that is, a complete integrated process of accepting an application, assessing creditworthiness and issuing a loan, will serve as a driver of the bank's income growth, and lending to the country's economy. The process of transferring registration and issuing a loan to an online form can significantly reduce a part of non-interest expenses.
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Siregar, Mariana Rista Ananda, and Qoute Nuraini Cahyaningrum. "Information Digitalization and Socialization of the Savings and Loan Video at the “Usaha Wanita Mandiri” Women’s Cooperative." MITRA: Jurnal Pemberdayaan Masyarakat 5, no. 1 (May 26, 2021): 38–47. http://dx.doi.org/10.25170/mitra.v5i1.1615.
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The women’s cooperative “Usaha Wanita Mandiri” was established as a forum for women to be economically empowered. However, in the enforcement of rules of savings and loan activities, the management often encounters problems with loan repayments in each installment period. This program aimed to educate supervisors, administrators, and coordinators in charge of the Kopwan Utama group regarding the importance of keeping regulatory archives in the form of digital videos and facilitating the dissemination of information on savings and loan regulations that are still in paper form. The community service program consists of focus group discussions and video socialization. The formulation of regulations and the video socialization were conducted face-toface and through online communication platforms, such as whatsapp and youtube. Because of the pandemic, issues arose during the focus group discussions and socialization, wherein some stages were not attended by all participants. The dissemination of the video via whatsapp and youtube is acknowledged by the supervisors, administrators, and coordinators of the groups to help provide their members with videos on savings and loans.
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Chakrabarti, Rajashri, and Nathaniel Pattison. "Auto Credit and the 2005 Bankruptcy Reform: The Impact of Eliminating Cramdowns." Review of Financial Studies 32, no. 12 (April 1, 2019): 4734–66. http://dx.doi.org/10.1093/rfs/hhz039.
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Abstract Auto lenders were perhaps the biggest winners of the 2005 Bankruptcy Reform, as Chapter 13 bankruptcy filers can no longer “cramdown” the amount owed on recent auto loans. We estimate the causal effect of this anticramdown provision on the price and quantity of auto credit. Exploiting historical variation in states’ usage of Chapter 13 bankruptcy, we find strong evidence that eliminating cramdowns decreased interest rates and some evidence that loan sizes increased among subprime borrowers. The decline in interest rates is persistent and is robust to a battery of sensitivity checks. We rule out other reform changes as possible causes. Received September 29, 2016; editorial decision January 15, 2019 by Editor Philip Strahan. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
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Li, Ke, Fanyin Zhou, Zhiyong Li, Wanqing Li, and Feng Shen. "A semi-parametric ensemble model for profit evaluation and investment decisions in online consumer loans with prepayments." Applied Soft Computing 107 (August 2021): 107485. http://dx.doi.org/10.1016/j.asoc.2021.107485.
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Raubenheimer, Jenny, and John Stephen van Niekerk. "An overview of the current state of interlibrary loans in South Africa." Interlending & Document Supply 43, no. 2 (May 18, 2015): 76–83. http://dx.doi.org/10.1108/ilds-02-2015-0005.
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Purpose – The purpose of this paper is to review interlending development in South Africa and current trends in interlending. Design/methodology/approach – Literature study and survey. Findings – Interlending is still an essential service in South Africa. Interlending systems must be used effectively to ensure rapid delivery of requested interlibrary loans. There is a significant use of WorldShare ILL, but there is a scope for substantial development. Research limitations/implications – This is not a comprehensive study but focusses on current interlending activities at some of the larger South African academic and special libraries and the use of Online Computer Library Centre systems. Practical implications – The paper provides some historical information and the extent of current interlending and systems used. Social implications – The paper gives an indication of the value of interlending in South Africa and its contribution to information provision. Originality/value – The paper provides a snapshot of interlending in South Africa and areas for development.
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Caldieraro, Fabio, Jonathan Z. Zhang, Marcus Cunha, and Jeffrey D. Shulman. "Strategic Information Transmission in Peer-to-Peer Lending Markets." Journal of Marketing 82, no. 2 (March 2018): 42–63. http://dx.doi.org/10.1509/jm.16.0113.
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Peer-to-peer (P2P) marketplaces, such as Uber, Airbnb, and Lending Club, have experienced massive growth in recent years. They now constitute a significant portion of the world's economy and provide opportunities for people to transact directly with one another. However, such growth also challenges participants to cope with information asymmetry about the quality of the offerings in the marketplace. By conducting an analysis of a P2P lending market, the authors propose and test a theory in which countersignaling provides a mechanism to attenuate information asymmetry about financial products (loans) offered on the platform. Data from a P2P lending website reveal significant, nonmonotonic relationships among the transmission of nonverifiable information, loan funding, and ex post loan quality, consistent with the proposed theory. The results provide insights for platform owners who seek to manage the level of information asymmetry in their P2P environments to create more balanced marketplaces, as well as for P2P participants interested in improving their ability to process information about the goods and services they seek to transact online.
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Glover, Steven William, and Sarah Louise Glover. "Interlending and document supply in the NHS: a North West case study." Interlending & Document Supply 44, no. 1 (February 15, 2016): 27–30. http://dx.doi.org/10.1108/ilds-11-2015-0037.
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Purpose – This paper aims to report on the interlending and document supply activity across the North West of England carried out by health libraries in the National Health Service (NHS). NHS libraries provide a service to NHS staff and students on clinical placement and provide access to the latest published evidence contained in specialist periodicals and textbooks. Design/methodology/approach – Data were analysed over an extended period from 1 April 2005 to 31 March 2015. These data are provided annually in the form of a statistical return and are collated regionally. Data were obtained by all library services for both document supply activity and inter-library loans. Findings – During the period of the analysis, there has been a significant drop in activity for both document supply and inter-library loans. In 2005/2006, there were 45,147 articles supplied via document delivery networks, this had fallen to 8,642 in 2014/2015. Similarly, in 2005/2006, there were 5,627 inter-library loans supplied, this has also fallen to 3,732 in 2014/2015. Originality/value – The observed drop in document supply and inter-library loans across the NHS North West occurred during the time of significant change in how NHS staff and students access the latest evidence. In 2005/2006, many NHS libraries were still investing in print journals and textbooks. Over the past 10 years, there has been a substantial increase in access to consortia purchased online journals in addition to a growth in the availability of open access content.