Archive for the ‘Japan’ Category
Interview with Tadatoshi Senoo CEO Maneo | Japan Today
Interesting interview with Tadatoshi Senoo, CEO of Maneo – a social lending company in Japan. He worked with MUFJ, the largest bank is Japan, and afterwards decided to set off on this venture. The interview focusses on the hardships of setting up such a company.
Social lending takes root in Japan | Japan Today
What does the company offer?
Our company provides an online social network for individual borrowers and lenders where they can find each other. Borrowers auction their conditions, including interest rate, and lenders who offer the best conditions can lend money to them. Lenders can consider whether it is a good investment from disclosed information about borrowers. But both sides cannot reveal personal information and we do not allow them to physically meet each other as a safety measure.
How does the system work?
In legal terms, our company lends money to borrowers and lenders invest on pecuniary claim to us as a fund. Although this system is theoretically complicated, the process for borrowers and lenders is very simple.
