Posts Tagged ‘online lending’

By Asma Aziz Microfinance Focus, Feb. 7, 2010: Incorporated as a peer-to-peer lending service, which allows a direct transaction between lenders and borrowers, without any intermediaries, Zidisha is all set to scale P2P fundraising to newer heights. With a Swahili name implying ‘expand’, the organization connects low income entrepreneurs of developing nations to lenders across the globe ... Full story

Microfinance Focus, July 31, 2009: MYC4, a peer-to-peer lending facility with 15,643 registered investors from 94 countries, has reported investments in online microfinance amounting to 9.3 million euros in 4,865 businesses in seven African countries so far. And the trend is catching up with other players in microfinance sphere. Micro Place, an e-Bay company, has provided 40,005 loans enabled by investments made online since its inception in Sept. 2007. KIVA, another major US-based not-for-profit company which has pioneered the idea of online lending, is distributing one loan in every 14 seconds giving more than $1 million a week. Full story