P2P lending covers rural areas

Internet financing platforms make hay as hinterland market grows and opens up CAI XIAO

Han Peng, a farmer from Yangyuan county, Gansu province, had never heard of online financing or peer-to-peer platforms till the day he happened to walk into one.

Like most of his peers, Han was finding it hard to make a living from farming alone and was supplementing his income by selling fruit on the streets. To compound his woes, he was struggling to find enough money to expand his business.