Comments on: Canadian Peer-to-Peer Lending http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/ Investing and Personal Finance Sat, 11 Sep 2010 00:43:11 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Janie http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-9409 Janie Fri, 28 Nov 2008 14:02:32 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-9409 I always recommend tapping into your social network, especially family and friends, to get money and resources to start a business.

40billion.com is a site that helps entrepreneurs raise money for their small businesses through friends and family, rather than through traditional financial institutions. It is the first friends-and-family funding network for entrepreneurs. Using the Internet-based service, entrepreneurs connect with their social networks – friends, family, friends of family, colleagues, and others – to raise capital by requesting loans and contributions, and entrepreneurs can share their fundraising pages on MySpace and Facebook too. 40billion.com’s scalable platform facilitates the funding requests and generates customized loan documents to make it easier for an entrepreneur to manage many investors (lenders and donors), who can provide $50 to $10,000 each.

]]> By: Dan http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-3856 Dan Tue, 19 Feb 2008 03:54:11 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-3856 IOUCentral.ca has just launched their P2P lending product in Canada. Yes... actually launched. My site following the developments with a unique Canadian perspective is at http://www.microlending.ca -Dan IOUCentral.ca has just launched their P2P lending product in Canada. Yes… actually launched.

My site following the developments with a unique Canadian perspective is at http://www.microlending.ca

-Dan

]]> By: Information and Sign Up For Prosper Here | Quest For Four Pillars http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-2701 Information and Sign Up For Prosper Here | Quest For Four Pillars Thu, 03 Jan 2008 07:03:05 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-2701 [...] to point out our new Prosper ad on the side bar. You can read what Mr. Cheap wrote about Prosper here and [...] [...] to point out our new Prosper ad on the side bar. You can read what Mr. Cheap wrote about Prosper here and [...]

]]> By: <![CDATA[P2P-Banking.com]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1462 Sun, 08 Jul 2007 11:39:35 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1462 See http://www.p2p-banking.com for more news on p2p lending developments. Wiseclerk See http://www.p2p-banking.com for more news on p2p lending developments.

Wiseclerk

]]> By: <![CDATA[Mr. Cheap]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1473 Thu, 05 Jul 2007 13:12:28 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1473 aurie: There isn't any insurance, lenders have to gauge the risk themselves and make sure they're getting paid a sufficient rate to cover the risk (same as banks have to). My "portfolio" of loans on prosper is averaging a return of a little over 5%, not great, but the loans that are paying higher interest are covering the loans that have defaulted. If I could get a return of a few percent higher I'd probably put more money into it. aurie: There isn’t any insurance, lenders have to gauge the risk themselves and make sure they’re getting paid a sufficient rate to cover the risk (same as banks have to).

My “portfolio” of loans on prosper is averaging a return of a little over 5%, not great, but the loans that are paying higher interest are covering the loans that have defaulted. If I could get a return of a few percent higher I’d probably put more money into it.

]]> By: <![CDATA[experienceaurie]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1472 Thu, 05 Jul 2007 08:12:59 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1472 all this sounds very innovative...i am just troubled that no one has talked about insurance on the loan. who is going to insure these loans? someone has to take the risk and if the default rate is very high, then the only options left would be to either raise rates or involve a broker. maybe i am just not up to speed with all the information around p2p lending, but i have to get some feedback about this particular point. all this sounds very innovative…i am just troubled that no one has talked about insurance on the loan. who is going to insure these loans? someone has to take the risk and if the default rate is very high, then the only options left would be to either raise rates or involve a broker. maybe i am just not up to speed with all the information around p2p lending, but i have to get some feedback about this particular point.

]]> By: <![CDATA[Mr. Cheap]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1471 Sat, 30 Jun 2007 20:53:24 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1471 MDJ: I'm not a big believer in patents. They're very expensive to set up, and need deep pockets to defend, therefore they're only useful for rich corporations (if Microsoft infringed on one my patents, there isn't very much I could do about it). Your feelings about patents might be different (that's cool), but I wouldn't put time or money into them personally. I've never heard of a small guy patenting his invesntion, then EASILY making money off of it when a big corporation wanted to use it. The only people who make money with patents are those who are backed by ANOTHER big corp (who usually wants to undermine the infringing corp) or people who are willing to make fighting to defend their patent their lifes work for the next decade (no thanks). I think the world would be a better place if the entire copyright/patent/Intellectual-property system was totally overhauled. MDJ: I’m not a big believer in patents. They’re very expensive to set up, and need deep pockets to defend, therefore they’re only useful for rich corporations (if Microsoft infringed on one my patents, there isn’t very much I could do about it).

Your feelings about patents might be different (that’s cool), but I wouldn’t put time or money into them personally. I’ve never heard of a small guy patenting his invesntion, then EASILY making money off of it when a big corporation wanted to use it. The only people who make money with patents are those who are backed by ANOTHER big corp (who usually wants to undermine the infringing corp) or people who are willing to make fighting to defend their patent their lifes work for the next decade (no thanks).

I think the world would be a better place if the entire copyright/patent/Intellectual-property system was totally overhauled.

]]> By: <![CDATA[Mr. Cheap]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1470 Sat, 30 Jun 2007 20:47:57 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1470 4P: I thought that'd be pretty cheap as my only post of the day ;-). I let the domain name expire, it promptly got purchased by a domain squatter. I didn't use craigslist as the name (that'd be lame), I came up with my own... Colin: Great to hear! I'll be looking forward to your launch. A lot of us PF bloggers are software developers if you're looking to hire ;-) 4P: I thought that’d be pretty cheap as my only post of the day ;-) . I let the domain name expire, it promptly got purchased by a domain squatter.

I didn’t use craigslist as the name (that’d be lame), I came up with my own…

Colin: Great to hear! I’ll be looking forward to your launch. A lot of us PF bloggers are software developers if you’re looking to hire ;-)

]]> By: <![CDATA[Tom]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1469 Sat, 30 Jun 2007 09:02:21 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1469 Intereting post. You may want to check out http://prosperlending.blogspot.com/ for more information about Prosper and peer to peer lending. Intereting post. You may want to check out http://prosperlending.blogspot.com/ for more information about Prosper and peer to peer lending.

]]> By: <![CDATA[eBay Poster]]> http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/comment-page-1/#comment-1468 Sat, 30 Jun 2007 02:10:23 +0000 http://www.moneysmartsblog.com/canadian-peer-to-peer-lending/#comment-1468 I saw a US peer to peer loan site too. I thought abotu brokering a few bucks for higher interest. I saw a US peer to peer loan site too. I thought abotu brokering a few bucks for higher interest.

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