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Loaning Money Online
Old 12-30-2007, 09:40 AM   #1
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Join Date: Oct 2007
Posts: 66
I just came across a site that allows private individuals to loan (or borrow) money from other private individuals.

People can loan as little as $50. The site claims the default rate is lower than traditional banks, and one can spread risk around by loaning to many individuals. They also claim a 9.49%-12.81% return.

I was just curious if anyone has done anything like this...or has any feedback on it.

Site:
Personal & Small Business Loans. Prosper.com - the P2P Lending Marketplace - Prosper
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