Renewable Matter # 11 / July-August

When Loans Go Social

by Silvia Zamboni

Italian families’ demand for credit is on the rise: +20% in the first quarter of 2016. But in order to meet such need – in Italy and beyond – there are those who prefer not to use banks but rather social lending.

 

Hands up those who are surprised to know that Italians’ confidence in the banking system has reached a historical low, which collapsed from 30% in 2005 to 10% at the end of 2015. A negative record which, according to last year’s survey conducted in December by Demopolis, banks only share with political parties, appreciated by only 4% of...

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