Marketing-Mix of Online Social Lending Websites

Publisher: IGI Global_journal

E-ISSN: 1539-2929|8|3|15-25

ISSN: 1539-2937

Source: Journal of Electronic Commerce in Organizations (JECO), Vol.8, Iss.3, 2010-07, pp. : 15-25

Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.

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Abstract

With the rise of microfinance in developing countries and its evolution to a business model in developed nations, microfinance has fully transitioned to the internet, taking the distinctive form of social lending. However, the marketing trends of emerging peer-to-peer micro-lending websites have been largely unexplored during its rise to recognition due to most studies focusing on financial, economic, political and humanitarian issues in context to microfinance. However, based on a sample of eight popular social lending websites, this paper uses cases to analyze the marketing elements of these sites to better understand how they function and to predict the future.