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Lending Online to Strangers

Tags » p2p - Person to Person Lending, Prosper » Comments (1)

In an article titled 'Options Grow For Investors To Lend Online", Jane Kim writes for the Wall St. Journal about new web-based services enabling investors to lend money to strangers online. She reports that Prosper.com has about $60 million in loans outstanding so far this year and cites the Online Banking Report's estimate that a total of about $100 million in loans will be originated by all providers this year.

Posted: Jul 18, 2007 05:42 AM Pacific | Permalink | |

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It's great to see P2P lending get some quality mainstream media coverage. If you are interested in reading more about P2P lending I write for Prosper Lending Review at http://prosperlending.blogspot.com.

Tom

Posted by: Tom | July 19, 2007 at 02:16 AM