The Reserve Bank of India has made it mandatory that the aggregate exposure by an investor across all Peer to Peer Lending Platforms should be less than or equal to Rs. 10,00,000 and the total exposure of a lender to a single borrower should be less than or equal to Rs. 50,000.
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Success Story of Ameena
Ameena's loan of INR 50,000 has changed her life. From a housewife with no education, she is now an independent business owner selling bangles and readymade clothes at Arakkere, Vijayapura. She generates a sustainable income for her family and is also educating her son to be an engineer. She is confident, she is happy.