German p2p lending service Smava.de made some changes: Borrowing for business purposes is now allowed. The borrower still is an individual person but is no longer limited on private purposes of the loan Borrowers may borrow up to 25,000 Euro (approx 39,200 US$), previously the maximum was 10,000 Euro Maximum amount any lender can invest […]
German p2p lending service Smava.de launched one year ago. Since the launch of Smava 393 loans were funded for a total loan volume of about 1.7 million Euro (approx. 2.6 million US$). Lender’s viewpoint In a february survey 33% of lenders answered to be very satisfied with Smava and 63% were satisfied. 48% said their […]
Following the previous post on Smava.de here is a look on the business case of the smava startup and the chances for profit. Currently Smava earns only when a loan funds. Smava charges the borrower a 1% fee of the loan amount. Only other fee are 10 Euros per dunning letter (which is covers the costs of the […]
Startup Smava.de starts offering p2p lending in Germany. Anybody can lend or request a loan online. Borrowers, after registering will by checked for identity and credit grade by smava. Smava uses PostIdent (a service offered by German postal service Deutsche Post) to verify the identity of the borrower and relies on credit report information from […]