Does peer-to-peer crowdfunding boost refugee entrepreneurs?

Ricardo Emanuel-Correia, Fábio Duarte, Ana Paula Matias Gama and Mário Augusto

Finance Research Letters, 2022, vol. 46, issue PA

Abstract: To provide new insights into the determinants of fundraising success for loans requested by refugees on a prosocial peer-to-peer (P2P) platform, this study investigates more than 180,000 business loan campaigns during 2015–2018. The leading online P2P platform offers access to financing for refugee entrepreneurs in developing countries, and the benefits are especially strong for refugees with prior borrowing experience. However, the results also reveal discrimination against female refugee entrepreneurs, compared with their non-refugee counterparts, in this P2P prosocial context. This gap should be addressed by scholars and policymakers determined to reach excluded and niche groups, including women and refugees.

Keywords: Online peer-to-peer lending; Refugees; Asymmetric information; Contextual signaling; Crowdfunding (search for similar items in EconPapers)
JEL-codes: G21 G29 J15 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:46:y:2022:i:pa:s1544612321003068

DOI: 10.1016/j.frl.2021.102264

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