Green loans inspire goodwill from peer-to-peer loan providers

Green loans inspire goodwill from peer-to-peer loan providers

Research published by two University of Queensland pupils has revealed that peer-to-peer loan providers are more inclined to accept reduced monetary returns when they know the task these are typically funding is socially and environmentally accountable.

Jason Lejcak (Bachelor of Economics (Honours)) and Benjamin Wiltshire (Bachelor of Commerce (Honours) and Bachelor of Science) co-authored the research included in an investigation task with UQ’s Australian Institute for Business and Economics (AIBE), that was made possible compliment of a scholarship given by two UQ alumni.

The pair examined data from a popular Australian peer-to-peer lending platform and found that small green loans – averaging around $8000 and used largely for renewable energy projects such as installing rooftop solar – had a 2.1 per cent lower interest rate than a comparable loan used for other purposes as part of the study.

Mr Lejcak said while green loans comprised a little piece associated with lending that is peer-to-peer, these people were a fast-growing group of loan needs.

“Peer-to-peer economic financing platforms offer people and smaller loan providers with all the possibility to partake in social impact investing, which will be traditionally away from range of banking institutions and larger loan providers, ” he said. متابعة قراءة “Green loans inspire goodwill from peer-to-peer loan providers”