Entries Tagged 'P2P Lending Forums' ↓
October 24th, 2007 — MicroPlace, P2P Lending Forums
MicroPlace, an Ebay company just launched. It is kinda like kiva.org, except that you invest in securities which pay interest (1%-3%) and the companies offering the notes handle the individual investments. So you are purchasing a pool of investments were the actual investments are made companies on the ground.
The sign up was painless and easy. Like Kiva they use paypal (duh ebay) to handle payment processing. I really like paypal as the payment processor as I can get cash back by using my credit card on my charitable lending. I also really like that I am making some return while helping the less fortunate in the world.
After, signup I made a $100 3% investment in “FUNDESER via Calvert Community Investment Note” which means that Calvert Community is raisng the funds for FUNDERSER, FUNDESER will make and process loans, returning the some proceeds to Calert Community, whihc will pay the principal and interest to me.
Here is more on FUNDERSER (country Nicaragua, est 1997):
Overview
We are a micro-finance institution that specializes in rural financial services, with a social focus. We are affiliated with the Nicaragua Association of Micro-Finance Institutions and through it with the Central American Micro-Finance Network.
FUNDESER was formed in an institutional process that has been going on for 10 years. It started as a small farming and fishing development project, linked to the Catholic Church and a Nicaraguan charitable organization, then became a financial services and technical assistance program, and finally to what it is now, an institution specialized in rural financial services with a social focus.
We operate through a wide network of branches throughout the country. We have agencies and offices at key points in rural areas to be close to rural customers, who are poorer and more isolated.
Mission
To permanently and effectively meet the demand for financial services by small and medium-size farmers and fishermen, proprietors of micro-enterprises and wage earners, in rural or urban environments, with fairness and equality of opportunity for men and women.
Message to investors
Investors and Friends!
Nicaragua, located in the middle of Central America, is considered to be the second poorest country in Latin America, right behind Haiti. Here poverty wears a woman’s face and is basically found in the rural areas of the country where FUNDESER has a presence.
As you know, the great merit of micro-finance has been the integration of two worlds that until recently seemed incompatible with each other: the world of poverty and the world of finance. The role of micro-finance is therefore to help democratize capital.
With your investment, FUNDESER can increase the scope of its micro-credit and thus help hundreds of families to rise above poverty the same way Auxiliadora Soza, Nora Guadalupe Hernández Pérez and Arcia del Socorro Blanco Guadamúz did.
Together we can make a change!
Here is more on Calvert Foundation:
Calvert Foundation professionally manages a portfolio of loans to over 200 leading microfinance institutions, nonprofit organizations and social enterprises working to alleviate poverty around the world. Calvert Foundation brings over a decade of experience monitoring these organizations in order to effectively manage the risk and return of your investment dollars.
By purchasing the Calvert Community Investment Note on MicroPlace, the full value of your principal is lent out to the lending organiation you select. Calvert Foundation exercises prudent portfolio management through diversification and a protective layer of loss reserves to minimize the risk of your investment in the Calvert Community Investment Notes.
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October 19th, 2007 — Globe Funder, Kiva, Lending Club, Loanio, MicroPlace, P2P Lending Forums, Prosper.com, Zopa
What opinions do you guys have on how the sub-prime mortgage meltdown will affect peer to peer lending? I’ll confess I’m still spooked at the moment and working to draw down my balance at Prosper. From things I’ve been reading, it would appear that the worst is still yet to come, what with a large chunk of ARM borrowers set to reset between now and mid 2008. What do you guys think? Will p2p lending suffer when a lot of these people default?
This was posted by Jimmy211 at the P2P No Bank Forum… here is a link: Sub-Prime Mortgage Meltdown
RateLadder responded with
I have read 2 schools of thought. 1 is that it will as you are saying. The other is that people do everything possible to cut a deal with their mortgage provider and protect their consumer credit.
As an unsecured loan we are last in line in bankruptcy and that is why loan rates are higher on unsecured loans.
Personally I have always been chasing the highest rates. But I have recently be focusing on the cleanest of the clean credit (flight to quality.)
What do you think? Come join the discussion at the P2P No Bank Forum!
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September 22nd, 2007 — Kiva, P2P Lending Forums
P2P No Bank has launched independent forums covering all p2p lending sites — including Kiva.
Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can “sponsor a business” and help the world’s working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you’ve sponsored. As loans are repaid, you get your loan money back.
But they don’t have a forum where individuals can discuss their Kiva experience and the dos and don’ts of Kiva lending. Join the discussion. Registration is free. Save the world. http://www.p2pnobank.com/forum Register: Here is the link: register
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September 22nd, 2007 — Loanio, P2P Lending Forums
P2P No Bank has launched independent forums covering all p2p lending sites — including Loanio. Loanio has yet to launch, but is still planning a fall 07 release to the best of my knowledge.
Have better information? Speculation as to what will set Loanio apart from the other p2p lending sites? Let’s discuss. http://www.p2pnobank.com/forum Here is the link to register: register
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September 21st, 2007 — Lending Club, P2P Lending Forums
Having just signed up for Lending Club, my bank account has not yet been verified. So, I have no money to bid on listings. What am I do do?
Cruise on over to the Lending Club forum. Read up on the community. Discuss my upcoming lending strategy. But WAIT! There are no official Lending Club forums.
Never fear. P2P No Bank has launched an independent p2p lending forum for the entire p2p lending community. There are currently boards for Kiva, Lending Club, Loanio, MicroPlace, Prosper, and Zopa. There are also discussion on blogs, 3rd party tools, general investing and credit repair.
I have heard that Lending Club will be monitoring the forum in order to answer any questions you might have.
Registration is free and easy. Here is the link to register: register
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September 21st, 2007 — Lending Club, P2P Lending Forums
P2P lending will change the world! Banks make too much money!
In an effort to better understand the entire marketplace, I have decided to signup and start a small portfolio at LendingClub. My screen name at Lending Club is RateLadder…
I guess I am just not hip, because for me it took the off facebook launch to push my into action.
The signup process as a lender was fairly straight forward.
- Fill in your general information.
- Choose lender or borrower (not both).
- Agree to some basic agreements.
- My identify was verified automatically.
- Enter bank account information.
- I am waiting for my confirmation deposit to very my bank account.
- After I verify my bank account, I will make a deposit
- The fun begins.
As much as I love p2p lending, I am a little nervous joining a new company. So far the experience has been clean and bug free, if it continues to be so particularly in the areas of accounting my nervousness will subside. The Lending Club marketplace is smaller and thinner than the Prosper marketplace. With larger marketplaces I feel there is less of a chance of imbalance. My early days in Prosper felt like the wild wild west (sometimes they still do).
Anybody interested in discussion about Lending Club (or any of the other p2plending sites) please join me at the P2P No Bank Forum (independent forums for all P2P lending sites).
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