Pretdunion celebrates successful first year

French p2p lending service Prêt d’Union is very satisfied with the results of its first year’s operations, saying it funded a loan volume of 10 million Euro (approx 12.8M US$). Currently the loan volume is growing at approx. 2 million Euro per month.

In October Prêt d’Union raised the maximum loan amount from 19,500 to 30,000 Euro and introduced 2 year loan terms (adding to the existing 3, 4 and 5 year loans).

According to a study cited by Prêt d’Union 38% of the popluation in France have heard of p2p lending and when asked 20% said they would be willing to use a p2p lending service.

(Source: Company management)