Enabling Factors and User Requirements for Microcredit Services through Mobile Devices - Dar es Salaam Tanzania Context.

Microfinance institutions (MFIs) play a considerable role in providing capital to micro businesses (MBs) through microcredit services. However, the interplay between MFIs and MB owners has been hindered by several factors, such as challenges with information sharing. The current study aims at identifying the specific challenges of microcredit services in Dar es Salaam, Tanzania, and also at determining the enabling factors, preferred features, and general requirements for a mobile technology solution to support the interplay between MFIs and MBs. The participants in the study were 91 MB owners and 22 MFI officers, and the data for the study were collected via a questionnaire. The study confirmed that the interaction, communication, and relationship between MB owners and MFIs is affected by various challenges. It was confirmed that digital technology can be used to address the identified challenges, and that a tailor-made mobile technology solution would be appropriate for supporting the interaction, communication, and relationship between MFIs and MBs

Review of Peer-to-Peer (P2P) Lending Based on Blockchain

Peer-to-Peer (P2P) lending is a financing business model that has gained popularity in recent years due to the ease of loan application, disbursement, and repayment processes. The volume of Peer-to-Peer (P2P) Lending transactions have a significant growth. One of the reasons for the popularity of Peer-to-Peer (P2P) lending is its utilization of technology in both the application and loan repayment processes. One such technology gaining traction in Peer-to-Peer (P2P) lending is blockchain technology. The popularity of blockchain technology lies in its ability to enhance the transparency of the transaction process. This literature study aims to address three main questions: What are the characteristics of blockchain suitable for Peer-to-Peer (P2P) lending , the benefits of implementing blockchain technology in Peer-to-Peer (P2P) lending and the challenges of Peer-to-Peer (P2P) lending based on blockchain. The findings reveal that there are characteristics of blockchain that can be applied to Peer-to-Peer (P2P) lending, bringing numerous benefits to the overall Peer-to-Peer (P2P) lending process. However, challenges persist in the implementation of blockchain technology in Peer-to-Peer (P2P) lending. The insights gained from this literature review are intended to guide researchers interested in studying the application of blockchain technology in the context of Peer-to-Peer (P2P) lending

Review of Peer-to-Peer (P2P) Lending Based on Blockchain

Peer-to-Peer (P2P) lending is a financing business model that has gained popularity in recent years due to the ease of loan application, disbursement, and repayment processes. The volume of Peer-to-Peer (P2P) Lending transactions has a significant growth with more than $103 billion in 2020, according to The Cambridge Centre for Alternative Finance (CCAF). A key distinguishing factor from traditional methods is the integration of technology in both application and repayment. One such technology gaining traction in Peer-to-Peer (P2P) lending is blockchain technology. The popularity of blockchain technology lies in its ability to enhance the transparency of the transaction process. This literature study aims to address three main questions: What are the characteristics of blockchain suitable for Peer-to-Peer (P2P) lending, the benefits of implementing blockchain technology in Peer-to-Peer (P2P) lending, and the challenges of Peer-to-Peer (P2P) lending based on blockchain. This paper uses a systematic literature review guided by well-defined inclusion and exclusion criteria to answer those questions. The findings reveal that there are characteristics of blockchain that can be applied to Peer-to-Peer (P2P) lending such as decentralized, transparency. It can bring numerous benefits to the overall Peer-to-Peer (P2P) lending process, such as eliminating intermediaries in the lending process. However, challenges persist in the implementation of blockchain technology in Peer-to-Peer (P2P) lending like implementing cross-platform, alternate collateral, and others. This research contributes by identifying key blockchain characteristics for Peer-to-Peer (P2P) lending integration, evaluating the benefits of blockchain in Peer-to-Peer (P2P) lending, and examining challenges faced comprehensively. These insights enhance the understanding of blockchain's role in Peer-to-Peer (P2P) lending