Over the past few years, Peer-to-Peer Lending has been the top alternative source of income for people who are facing financial crisis. It has also gained popularity for startups and businesses that lack capital or additional funds.

Furthermore, Peer-to-Peer isn’t the only saving grace for people who badly need cash. What makes it more attractive to people is that, in P2P, investment is also possible. Plus, it offers higher returns as compared to other investment platforms.

However, despite its fame and proven effectiveness to either borrowers or investors. There are still people who remain septic, some myths have also been generated regarding its concept. It’s best if we separate the facts from the fiction. Let us give you a somewhat clearer understanding as to what P2P is, with regards to investment.

Discussed below are some of the myths and misconceptions about Peer-to-Peer:

You need a huge amount of money to get started

This is not true, one noteworthy feature of Peer-to-Peer is that anyone can start their investment with just a small capital. Take our investment product, our investors have the opportunity to invest in either our Personal or Business loans. Even OFWs or Seafarers are welcome to invest in our program.

Visit Vidalia Lending and start Investing in our Personal and Business loans. All procedures are done online so you don’t have to worry whether you are too far away or even if you’re outside the country. You can look through our website today to learn more about our products and services. 

Peer-to-peer investment is too risky

Probably one leading misconception about P2P is that people tend to think that it is not yet regulated so borrowing or investing in it is too risky. Like any other investment, there are always risks to everything. As an investor, if you are to invest in Peer-to-Peer lending, you must always check whether the P2P lending platform that you have chosen is licensed.

Peer-to-Peer is crowdfunding

Peer-to-peer lending is technically a category of crowdfunding. However, although certain principles are the same, there are a few differences between both concepts.

Crowdfunding – collects resources from several individuals to finance a particular project. Sometimes, individuals who invest money in the crowdfunding campaign get rewards and gifts.
Peer-to-peer lending – On the other hand, P2P’s concept is lending and borrowing. Investors and borrowers are bound by an online facilitator. To make it simple, investors are the ones to lend money to the borrowers. The borrowers will then make use of the loan and repay the investors with interest.

With the Vidalia peer-to-peer lending platform, you can now invest in various loans from different borrowers. Apply online and join for as low as P5,000.