A new lens about Zopa, the peer-to-peer lending company. It works by allowing people to contribute money to a pool which borrowers can draw loans from, effectively cutting out banks and middlemen.
There are a few issues with it, but since it can be used in some provider's pensions (Sipps) and lenders can set their own rates it is becoming rather popular as an alternative to conventional loans.
#205 Zopa
http://www.squidoo.com/zopa-lending
(If my count seems out it is because I have one R-rated lens that is not always included in the total, depending on whether or not you are a squidoo member.)
I have also had it confirmed that I am one of the new charity advisors. It's a new scheme so we will have to see how it shakes out, but we've already had our first request in.
Tuesday 14 July 2009
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