Author: wiseclerk

Australia: Lending Hub P2P Lending Service Launches

wiseclerk

Today Lending Hub announced the launch of the p2p lending service aimed at loans between family and friends. Lending Hub is a private Australian company based in Sydney (Read earlier coverage by P2P-Banking.com on Lending Hub, including a guest article by Director Ivan Martelli).

Lending Hub loans are 3 year unsecured loans. Currently most loans listed seem to be example loans.

Lending Hub fees for borrowers are a listing fee of 30 AUS$ plus a settlement fee upon funding ranging from 1.25% to 4%, depending on credit grade. Lenders pay a fee between 1% and 3% of each repayment depending on credit grade.

Aqush Adds Business Loans

wiseclerk

Aqush.jp adds support for business loans to it’s p2p lending platform for friends and family.

The new AQUSH TOMO Business Loans service provides users with a simple and secure means of creating documentation to formalize small business loans between family, friends and other business associates. This new service offers small business owners and entrepreneurs a viable alternative to risk-adverse and costly traditional lenders. Business Loans between individuals and/or corporate entities, with or without a guarantor, are fully supported by AQUSH TOMO Business. After loans have been made, both borrowers and lenders can manage repayment using the AQUSH online platform.

(Source: Aqush company management)

My First Unitedprosperity Loan Guarantee

wiseclerk

I just guaranteed $25 of a loan to Sakho Devi and group, Ritudih, India via Unitedprosperity.org. United Prosperity has launched on May 28th. See my earlier United Prosperity review including an interview with CEO Bhalchander Vishwanath for more information on the concept.

Signing up and selecting the loan went smoothly. For the requested loan of 1,052 US$ a guarantee of 579 US$ needs to be raised.

Sakho Devi has a grocery shop of her own, with which she earns her living. She has applied for a microloan to expand her small grocery shop, so that she can meet the demand from customers.

The listing also states some data about the partner MFI – Ajiwika Society – it’s interest rate, delinquency rate, default rate and target clients.

Kiva to Launch Loans to US Borrowers

wiseclerk

Tomorrow Kiva will announce that it will start to fund loans to borrowers in the United States. Kiva, which so far lets anyone support loans to small entrepreneurs in developing countries, is reacting to lender suggestions who wanted to use Kiva to help borrowers in need in the US.

In the US Kiva will partner with Accion USA and Opportunity Fund to select eligible borrowers. Initially the small business owners borrowing will be from the areas of Atlanta, Boston, Miami, New York and San Francisco. Continue reading →

Auxmoney Adds Audio to Borrower Profile

wiseclerk

German p2p lending service Auxmoney.com has added the option for borrowers to enhance a listing by adding an audio file. The borrower records the audio message by dialing a phone number and identifying himself by a pin supplied by Auxmoney.

Hearing the borrower describing his request creates a much more personal impression to me than only reading a text description.

To hear an audio-file created by a borrower follow this link and click on the speaker symbol (the audio is in German).

Auxmoney Screenshot June, 8th 2009; symbol for audio profile marked in red

(Source: via P2P-Kredite.com)