P2P Lending Schemes for Funding Student SME Business

DOI

10.2991/iconies-18.2019.63How to use a DOI?

Keywords

Business Lending, MSME business, P2P lending, Student business, Student Entrepreneur

Abstract

Nowadays, "student entrepreneur" is being a phenomenon. They usually fund their business using personal saving or loan from relatives. To make their business grow, they need to increase their funding but they are still not bankable. P2P lending may address that problem by providing alternative financing for student SME business. This research is focusing on finding suitable P2P lending scheme for college student. We do analysis of P2P lending scheme for business in four country: Indonesia, USA, UK, and China. There is also survey of characteristic of student SME business. In result, most of student business is a micro business with revenue less than IDR 5 million a month with business period less than a year. Their source of funding is mostly from personal saving and loan from family and friends. Most of them never try to get funding from bank because of collateral and inexperience factor. Yet, most of them still never hear about P2P lending at all. Their main factor of choosing lending is interest rate and administration process. Finally, in this research we provide suggested suitable scheme of P2P lending that possible for funding student SME business using university involvement to assess student business qualification.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nofian Deastuti Hajarsari
PY  - 2019/10
DA  - 2019/10
TI  - P2P Lending Schemes for Funding Student SME Business
BT  - Proceedings of the 2018 International Conference on Islamic Economics and Business (ICONIES 2018)
PB  - Atlantis Press
SP  - 314
EP  - 319
SN  - 2352-5428
UR  - https://doi.org/10.2991/iconies-18.2019.63
DO  - 10.2991/iconies-18.2019.63
ID  - Hajarsari2019/10
ER  -