Prosper: People to People Lending.
Whether you’re interested in borrowing or investing, Prosper is the place to look. It’s an online marketplace for people to people lending that takes banks and credit unions out of the system and empowers anybody to be a lender.
Borrowers specify the interest rate they’re willing to pay and lenders bid in an eBay like fashion on getting their stake on the return. As I type this, investors can find sound assets at 13% growth, and borrowers can write their own terms and bid on interest rates as low as they’d like.
Just another way common access to information frees individuals from the mercy of controlling institutions. Individual borrowers and lenders win, middlemen are cut out of the system. It’s smart business.
Investors: Time to diversify your portfolio.
Subscribe