29 Sep 2011

Peer Lending

71 Stevenson, Suite 300
San Francisco, CA 94105, USA

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* All loans made by WebBank, a Utah-chartered Industrial Bank. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history.
** To be included in the Net Annualized Return calculation, a Note must be outstanding for at least 3 months prior to the calculation date.

Copyright© 2006-2011. All rights reserved. Image courtesy of Tamas Balogh

This is such a good idea. I wonder if there are banks here that are smart enough to come up with something similar here - where the community gets together to help others in the community.

I know that its not going to be that easy to set up but its such a civilised way to invest and loan - small steps.

Its very similar to the funding of art projects (http://www.kickstarter.com/).

Just saying - we could do so much for community projects here without the burden falling on one or two persons.

Posted via email from mitauae's posterous

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