Netherlands

Boober limits allowed investment sum

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Dutch p2p lending service Boober.nl changed the rules last week. Lenders are now restricted to a maximum investment sum of 39000 Euro. Boober told users that this step confirms that Boober is a platform for individuals and not for professionals or companies. It is believed that this step was neccessary due to regulation.

German Smava has restricted lenders to a maximum of 25000 Euros since the start. This too, is a precaution, since under German regulation professional lending without a license is not allowed.

Boober plans to finance mortgages via p2p lending

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Guus Drijver, head of Dutch p2p lending site Boober.nl, announced that boober plans to set up a site that will allow lenders to finance mortgages via p2p lending. This would require much higher loan amounts then those that are currently possible at Boober, where the maximum is 10.000 Euro. The aim is to  have the first mortgage funded still in 2007.

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Source (Hypotheek actuell, Emerce.nl, Overgeld.nl, Sprout.nl)

Boober p2p lending service to reach 1 million Euro loan volume

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4 month after the launch, Dutch p2p lending service boober.nl is approaching a total volume of 1 million Euro funded loans (chart shows development of loan volume since launch).

Boober loan volume

In comparision, German p2p lending service Smava.de, launched only 8 weeks after Boober is growing much slower. Currently it reached approx. 150000 Euro loan volume. Look forward for a post on the development of Smava in the near future.

Boober plans to launch in Belgium as next country. While not started yet, the domain boober.be is already up, saying "beta".