P2P-lending as an alternative financing instrument

P2P-lending, which "allows individuals to lend to each other directly, without intermediary of traditional financial institutions" [7], is actively developing at the present stage. The financial service provides the possibility of direct borrowing through special online platforms. In P2P lending, the platform plays the role of an intermediary, but such services do not accumulate money. In other words, financial transactions are carried out outside the exchange, for example, through Internet banking or electronic payment systems. An intermediary that facilitates the development of mutual lending, in fact, only helps the borrower and the lender to agree on a deal and find each other, for which he charges a small Commission (usually 2-3 %). The main participants of such credit relations are individuals who provide private loans. However, it is possible to access specialized Internet sites and legal entities. Despite the rapid growth of new lending technology, there is a lack of terminological certainty, legislative regulation and regulation of activities and responsibilities in the P2P lending sector...