Social Lending: The Big Idea


	Social Lending: The Big Idea

wwjimd

10-31-2007 3:55 AM

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tags:

social lending, lending, loans, banks, community, micro loans, interest, sharing

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/68a1b0bf-4abb-4f51-a3d9-9c395da7df3f/584ABC91-FA4C-4CD1-BB78-1634542ECB1D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html" href="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html" style="font-size: 11px;">www.zopa.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.zopa.com/img/308E941A-99EF-48DA-A658-7ADDB45C6DE6" alt="The big idea" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.zopa.com/img/F1DC2473-C29C-4F4E-9521-2C5A5FCC32F1" alt="Zopa is the first marketplace where people meet to lend and borrow money. A community of savvy, like-minded individuals are getting a better deal by cutting out the banks and scratching each other's backs." /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.zopa.com/img/20151DA2-F704-4266-93FB-7E6500403054" alt="A better way" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><P>
  Social Lending is a smarter, fairer and more human way of doing money. It's like borrowing and lending with your friends and family - except there are thousands of people you can lend and borrow with.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><P>
Both lenders and borrowers get better rates, because Social Lending is more efficient than the traditional banking model. Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. So they have to take large margins on the money that passes through them.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><P>
An online marketplace where people meet to lend and borrow has huge cost advantages – which is why Zopa members get a fairer deal when it comes to their money.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.zopa.com/img/DCA28C1A-9DE7-4212-AB23-7E644FA6649F" alt="The rise and rise of Social Lending" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><P>
 Zopa was the world's first lending and borrowing marketplace. By demonstrating that Social Lending works on a large scale, Zopa has changed the financial sector for good. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.zopa.com/ZopaWeb/public/about-zopa/big-idea.html"><P>
  In Zopa's wake, copycats – such as Prosper in the US, Smava in Germany and Boober in the Netherlands – have sprung up across the world.
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