Friday, June 29, 2007

I love the internet

I found a site the other day that I am quite intrigued by. It's a money lending site (wait there's more) where P2P loans are agreed upon. Basically it's a marketplace where individuals can borrow and lend money. Borrowers create a loan request and lenders can fulfill parts of the request if they like the conditions (interest rate and borrower's credit rating). The dutch site is only a few months old and has already seen 1 Million Euro go through it. It seems like a relatively low risk investment and the average return is over 10%. I think I may have to try it. is the dutch one, I forget what the one in England is called.

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