netrashetty
Netra Shetty
O'Reilly Auto Parts (NASDAQ: ORLY), originally known as O'Reilly Automotive, Inc., is a publicly traded chain of auto parts stores that started with one store in Springfield, Missouri in 1957. It has since grown to include more than 3,469 stores in 38 states. The corporate headquarters of O'Reilly is located in Springfield.[1
Whether it is in the form of microfinance, crowdsourcing or services that match lenders directly with borrowers, peer-to-peer (P2P) finance is beginning to emerge as an alternative to the traditional banking sector.
Key industry trends spotted by Euromonitor:
* Taking microfinance a step further
* Bridging the gap to emerging market entrepreneurs
* Helping others to help themselves
* Credit crunch creates a fertile environment for crowdfunding
* Conventional funding model biased towards large transactions
* “Everybody wins, except the fat cats”
* Algorithms replace relationships.
Commercial opportunities
* Although the concept has been around for almost three decades, microfinance has benefitted hugely from P2P finance as it facilitates the building of personal relationships between lenders and emerging market borrowers who cannot access capital through established channels
* Crowdfunding has the potential to revolutionise the way in which small companies fund themselves
* Disenchantment with the banking sector is fuelling the interest of developed economy consumers in alternatives forms of lending and borrowing like Zopa
Background
P2P finance generally refers to interpersonal lending that is conducted without bank intermediation. Such P2P lending services as Zopa in the UK, Prosper in the USA, Smava in Germany and DhanaX in India are not financial institutions, as they do not guarantee deposits or set interest rates.
In essence, they act as an exchange or intermediary that facilitates the matching of lenders and borrowers, as well as the transfer of funds and payments.
Loan amounts are generally small, usually ranging from US$1,000 to US$25,000, and they are spread out over a large number of lenders who can loan as little as $50.
A type of eBay for loans, these websites take advantage of social networking to virtually aggregate lenders to fund loans, a model that some claim (probably fancifully) could eventually usurp traditional financial institutions.
They often incorporate social networking features, such as photos, borrower Q&A, friends, borrower recommendations and community.By incorporating such features as mutual feedback and transparency, eBay became a marketplace based on informed strangers trusting one another.
This philosophy now underpins a host of emerging ventures in sectors ranging from personal loans to venture capital, all based on informed cooperation.
Taking microfinance a step further
P2P finance evolved in part from microfinance or microcredit. A decentralized activity, microfinance is typically used to finance labour-intensive, small-scale trade and industry, filling a gap between the regular banking sector and poorer individuals with entrepreneurial ambitions.
The concept was pioneered by Bangladeshi economist Muhammad Yunus in the mid 1970s. The driving force behind microfinance is the difficulty many less affluent individuals in emerging market have accessing credit through the banking system.
Per-household consumer credit outstanding balances in selected markets: 2009 US$ per household
The industry was expected to have a moderate to strong increase in the value of shipments made in 1999 compared with 1998. The total value of shipments by the U.S. aerospace industry in 1998 was $145 billion, a 2.2 percent increase over 1997. In the first half of 1999, compared with the same period in 1998, shipments increased 1.8 percent and new orders grew 0.8 percent. Deliveries of complete civil aircraft and engines reached $48 billion in 1998, an increase of 34 percent over the 1997 level. U.S. aerospace exports increased 27 percent in 1998 compared with 1997. U.S. defense procurement in fiscal year (FY) 1998 (including new buys, modifications, and parts) totaled $14 billion for aircraft and $3.8 billion for missiles and space equipment.
Defense Industry
Reversing 15 years of decline, total procurement from all industry sectors by the U.S. Department of Defense (DOD) in FY 1998 rose slightly to $128.8 billion, in comparison to $128.4 billion in 1997. The total outlay was significantly lower than the peak of $163.7 billion reached in 1985. The largest prime contractors in the U.S. defense industry— Lockheed Martin and Boeing—were each awarded over $10 billion in prime contracts in FY 1998. The third largest, Raytheon, received $5.7 billion in prime contract awards. Rounding out the list of the top 10 prime contractors in 1998 were General Dynamics, Northrop Grumman, United Technologies, Textron, Litton Industries, Newport News Shipbuilding, and TRW (with $1.3 billion). The largest military aviation development program is the multirole Joint Strike Fighter (JSF), which will be produced for the U.S. Air Force and Marines and the U.S. and British navies. Three thousand JSFs are planned for manufacture over several years to replace aging F-16s and other aircraft. Competition for the role of pr
Whether it is in the form of microfinance, crowdsourcing or services that match lenders directly with borrowers, peer-to-peer (P2P) finance is beginning to emerge as an alternative to the traditional banking sector.
Key industry trends spotted by Euromonitor:
* Taking microfinance a step further
* Bridging the gap to emerging market entrepreneurs
* Helping others to help themselves
* Credit crunch creates a fertile environment for crowdfunding
* Conventional funding model biased towards large transactions
* “Everybody wins, except the fat cats”
* Algorithms replace relationships.
Commercial opportunities
* Although the concept has been around for almost three decades, microfinance has benefitted hugely from P2P finance as it facilitates the building of personal relationships between lenders and emerging market borrowers who cannot access capital through established channels
* Crowdfunding has the potential to revolutionise the way in which small companies fund themselves
* Disenchantment with the banking sector is fuelling the interest of developed economy consumers in alternatives forms of lending and borrowing like Zopa
Background
P2P finance generally refers to interpersonal lending that is conducted without bank intermediation. Such P2P lending services as Zopa in the UK, Prosper in the USA, Smava in Germany and DhanaX in India are not financial institutions, as they do not guarantee deposits or set interest rates.
In essence, they act as an exchange or intermediary that facilitates the matching of lenders and borrowers, as well as the transfer of funds and payments.
Loan amounts are generally small, usually ranging from US$1,000 to US$25,000, and they are spread out over a large number of lenders who can loan as little as $50.
A type of eBay for loans, these websites take advantage of social networking to virtually aggregate lenders to fund loans, a model that some claim (probably fancifully) could eventually usurp traditional financial institutions.
They often incorporate social networking features, such as photos, borrower Q&A, friends, borrower recommendations and community.By incorporating such features as mutual feedback and transparency, eBay became a marketplace based on informed strangers trusting one another.
This philosophy now underpins a host of emerging ventures in sectors ranging from personal loans to venture capital, all based on informed cooperation.
Taking microfinance a step further
P2P finance evolved in part from microfinance or microcredit. A decentralized activity, microfinance is typically used to finance labour-intensive, small-scale trade and industry, filling a gap between the regular banking sector and poorer individuals with entrepreneurial ambitions.
The concept was pioneered by Bangladeshi economist Muhammad Yunus in the mid 1970s. The driving force behind microfinance is the difficulty many less affluent individuals in emerging market have accessing credit through the banking system.
Per-household consumer credit outstanding balances in selected markets: 2009 US$ per household
The industry was expected to have a moderate to strong increase in the value of shipments made in 1999 compared with 1998. The total value of shipments by the U.S. aerospace industry in 1998 was $145 billion, a 2.2 percent increase over 1997. In the first half of 1999, compared with the same period in 1998, shipments increased 1.8 percent and new orders grew 0.8 percent. Deliveries of complete civil aircraft and engines reached $48 billion in 1998, an increase of 34 percent over the 1997 level. U.S. aerospace exports increased 27 percent in 1998 compared with 1997. U.S. defense procurement in fiscal year (FY) 1998 (including new buys, modifications, and parts) totaled $14 billion for aircraft and $3.8 billion for missiles and space equipment.
Defense Industry
Reversing 15 years of decline, total procurement from all industry sectors by the U.S. Department of Defense (DOD) in FY 1998 rose slightly to $128.8 billion, in comparison to $128.4 billion in 1997. The total outlay was significantly lower than the peak of $163.7 billion reached in 1985. The largest prime contractors in the U.S. defense industry— Lockheed Martin and Boeing—were each awarded over $10 billion in prime contracts in FY 1998. The third largest, Raytheon, received $5.7 billion in prime contract awards. Rounding out the list of the top 10 prime contractors in 1998 were General Dynamics, Northrop Grumman, United Technologies, Textron, Litton Industries, Newport News Shipbuilding, and TRW (with $1.3 billion). The largest military aviation development program is the multirole Joint Strike Fighter (JSF), which will be produced for the U.S. Air Force and Marines and the U.S. and British navies. Three thousand JSFs are planned for manufacture over several years to replace aging F-16s and other aircraft. Competition for the role of pr
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