South Africa has been identifies as a “potential leader” in the growth of online and P2P lending in Africa, according to a report by the Cambridge Centre for Alternative Finance (CCAF).
“In 2015‚ the vast majority of the South African market activity‚ which was $13.8 million‚ came from peer-to-peer consumer and business lending‚ with the remaining $1.2 million spread across microfinance‚ donation-based and reward-based crowdfunding‚” the report said.
Read the full article [timeslive.co.za]
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