Fvndit operates a wholly-owned subsidiary, eLoan, JSC, an online peer-to-peer marketplace in Vietnam. Fvndit reports that SMEs account for 41% of Vietnam’s GDP and 98% of all businesses but remain neglected by banks with 70% having difficulty accessing credit. eLoan is targeting this underserved market.
eLoan is said to be the first peer-to-peer lending company and one of the few fintechs in Vietnam focusing purely on serving SME clients with short-term loans.
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