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Alternatives to bank loans

 
 
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Kay
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PostPosted: Mon Dec 27, 2010 10:18 am    Post subject: Alternatives to bank loans Reply with quote

I guess we've all heard of microcredit schemes - they give small loans to entrepreneurs in disadvantaged countries. I run a lending team with Kiva, and it costs as little as $25 to help to change someone's life. Very Happy

Now it appears that the market in peer-to-peer loans is growing too. It seems like a pretty good idea to me. What do you think?

There's a news story about it here
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adigaskell
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PostPosted: Mon Dec 27, 2010 1:54 pm    Post subject: Reply with quote

I haven't used them personally but first heard about Zopa a good 5/6 years ago. They're still going so the fears about security etc. clearly haven't materialised. Well worth a go, both for borrowing and lending.
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