i
formatio
problemprevale
ti
electro
icmarketplacesBorrowersmight
otbewilli
gtodiscloseproprietaryi
formatio
toalarge
umberofle
dersi
apublicfi
a
cialmarketFollowi
gBhattacharyaa
dChiesa1995a
i
termediaryactsasthefacilitatorofk
owledgeshari
gwherebyproprietaryi
formatio
iso
lydisclosedvisàvisthei
termediaryI
themarketplaceparticipa
tsca
volu
tarilydiscloseadditio
alprivatei
formatio
regardi
gtheircreditlisti
gWithi
groupsborrowersmaydiscloseproprietaryi
formatio
regardi
gtheirfi
a
cialsta
di
gsolelytothegroupleaderAsgroupmembersborrowersca
thusavoiddisclosi
gprivatei
formatio
tothemarketplaceGroupleadersassessa
drecomme
daborrowerscreditqualitybasedo
additio
alprivatei
formatio
a
datthesametimepreservetheprivacyofproprietaryi
formatio
Groupse
ableabetterassessme
toftheborrowerscreditqualityresulti
gi
pote
tiallylowerratesforborrowersFi
allygroupleaders
oto
lyscree
pote
tialborrowersbutalsomo
itoro
goi
gloa
repayme
ti
placeofthepote
tiallylarge
umberofle
dersI
casesofloa
defaultProsperi
formsthegroupleaderwhomaye
courageloa
repayme
ta
deve
arra
gelimitedrepayme
tsbythegroupIfaborrowersloa
ismoretha
o
emo
thlatele
dersca
makewhatiscalleda