Stumbling upon Peer-to-Peer Lending

Uncategorized April 07th, 2013

I first heard of Peer-to-Peer (P2P) lending a few years back but it wasn’t until the late evenings into December 2011 when random “googling” in between trading emissions got me excited over this burgeoning global movement.

Essentially, the P2P lending phenomenon is a bottom up, grassroots driven type of social lending, that seeks to address the UNDER-SERVED segments in the world of traditional finance. Through the use of technology, P2P lending platforms facilitate collaboration between small borrowers and investors by allowing them to reach out to each other directly, therefore removing the traditional banks as middle-man.

It is an idea that has gained much traction all over the world but not yet in our Little Red Dot, Singapore. That had me pondering…

As a small investor, I will definitely welcome a greater choice of investment opportunities. For small borrowers who keep lamenting that banks only lend money to those who don’t need them, they surely will welcome an alternative source of funds?

It all makes MoolahSense to me! What’s your take?