Microlending.ca reports that CommunityLend may be ready to launch soon as it cleared another registration hurdle. A legal document published at the Ontario Securities Commission site gives lots of details on CommunityLend’s p2p lending plans.
It also reveals that p2p lending in Canada will (at least initially) be restricted to accredited investors (high wealth individuals).
See Dan’s articleat Microlending.ca for a review of the document.
We are now preparing for launch after we finalise some last minute changes. Happy to keep you udated or answer any questions.
Thanks for the post Wiseclerk!
I hope you enjoyed your vacation!
-Dan