Social lending sites are different from so-called microlending sites.

Question

Quizplus · Accepted Answer

Social lending sites typically facilitate loans between individuals, often without the intermediaries of traditional financial institutions, focusing on a broader range of purposes. In contrast, microlending sites usually focus on providing small loans to entrepreneurs in developing countries to help them start or grow a business, often with a specific aim of poverty alleviation.

Social Lending Sites Are Different from So-Called Microlending Sites