Social lending gains net interest
“Now there is a wave of sites trying to convince people that the web is the place for their money,” writes Katie Ledger of BBC’s Click Online.
“The concept is called social lending and the idea is to introduce people who need money to people who want to lend some – cutting out the middlemen like banks and mortgage companies.”
The article first describes the ‘mainstream’ Zopa service, but then goes on to present the social lending site Kiva which allows lenders to give to a specific entrepreneur in a poor or developing world country, and FXA World, the world’s first peer-to-peer currency exchange where you can trade your foreign currency at a rate that you have set or at the rate the banks trade among themselves.
See also these earlier stories on Putting People First about the same topic.
