The Role of Peer-to-Peer Lending Platforms in Expanding Financial Inclusion

The primary purpose of this research is to look into the role of peer-to-peer lending platforms in boosting financial inclusion. As technology continues to disrupt the financial sector, peer-to-peer lending has emerged as an innovative alternative to traditional banking institutions, linking borrowers directly with lenders via digital platforms. The study investigates the role of peer-to-peer lending in providing credit to impoverished individuals and businesses, as well as how these platforms employ technology to assess credit risk and support financial inclusion. Furthermore, the research looks at the challenges and opportunities that peer-to-peer lending platforms have in promoting wider financial access, as well as potential collaboration with established financial institutions and governments. According to the findings, peer-to-peer lending has the ability to empower individuals and businesses that have historically been excluded from traditional banking, so opening up new avenues for financial inclusion and economic growth.