loans

CommunityLend to offer p2p lending in Canada

wiseclerk

CommunityLend.com has announced the start of p2p lending in Canada on the site in fall 2007 enabling person to person lending without a bank as the middlemen, thereby eliminating banking fees. It promises lenders higher returns and borrowers lower interest rates and flexible payment options on loans. It aims to 'revolutionize the way lending works in Canada'. 

Earlier it will launch a working pre-view which allow users to test drive the site without using real money. CommunityLend expects useful user feedback during this work preview which it plans to use to enhance the site until the launch date.

CommunityLend is driven by an impressive team which includes Michael Garrity (Founder and President), ex-Bank of Montreal exec and BankWatch blogger Colin Henderson and John Philip Green, currently Director of Engineering at Affinity Labs and Co-Founder of of Savvica and Rapleaf.

CommunityLend profits as it can pick the best form the existing models (Prosper, Zopa). It will not just replicate one site. Few is known about the plans, but the announcement states that Community Lend will include auctions and groups (as does Prosper) as well as selectable paypack periods (as does Zopa).

Sources: p2p-kredite.com and others

P.S.: If you blog about this a link back here would be appreciated. Thank you!

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Communitylend preview

Two Millionaires becomes the largest group on Prosper.com ever!

twomillionaires1

With the click of a mouse late Thursday night March 1, 2007, the leader of the Two Millionaires Group on Prosper.com admitted the 5,509th member and created the largest group on Prosper ever! The one remaining challenge at the time was to beat PsychDoc's record number of loans created….

Asked about how his group succeeded in growing so large so rapidly, "TwoMillionaires1" the group leader replied that he did a lot of internet marketing in the beginning to bring new members in, and it grew from there to the point where today word of mouth from contented borrowers brings in probably hundreds of new members each week.

 "It didn't hurt either to have a private website that has attracted more than 300,000 hits and 10,000 unique visitors," the group leader added.

An upcoming press release is likely to bring in a huge influx of new members over the next few weeks.

As of the date of this report, more than one and a half million dollars has been loaned to members of this popular people-to-people online borrowing and lending group, almost 400 individual loans.

Details are available at:

http://www.prosper.com

and

http://www.2mils.org

 

 

Incremental data export of prosper data now available

wiseclerk

Are you tired of downloading the complete Prosper Data Export of 60 to 100 MB every day, when actually you only want the new data?

At wiseclerk.com registered users now can download an incremental data export file. This is a xml file that is produced daily and contains only the new data.

This reduces file sizes to only 5 to 10 MB per day. You can download a sample file here (8 MB) – please right click with your mouse on the link and use "save as" to save the file on your computer.

Wiseclerk.com scripts reliably run since April 2006 without any major downtimes. Should for any reason a script fail to run on a day, the next produced incremental file will include all data since last run (in this case it would contain data for two days).

Please note that by downloading data you agree to be bound by Prosper's API Terms of Use.
Furthermore please not that data supplied by wiseclerk.com is provided as is – without any guaranties for correct representation of data. By downloading data from wiseclerk.com you agree not to make any claims against wiseclerk.com in the future for whatever reasons (e.g. missing data, wrong data).