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Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional ...
Persons lending money to on-line micro-lending charity Kiva (founded in 2005), for example, do not get paid any interest, [87] although Kiva's partners in the country where the loan is used may charge interest to the end-users to whom the loans are made.
In 2011 Kiva added a new category of loans to help borrowers move to cleaner and safer forms of energy, green agriculture, transport and recycling. [23] Green Kiva loans help fund solar panels, organic fertilizers, high-efficiency stoves, drip irrigation systems, and biofuels. As of December 2013, Kiva lenders had crowd-funded 4,600 green loans.
Peer-to-peer lending, often abbreviated P2P lending, requires you to request money via an online platform, which then offers the loan to individual lenders. Investors can choose to fund all or ...
People who buy properties to renovate and resell them for a profit, known as property flippers, will often get hard money financing, says Julie Aragon, a Los Angeles-based mortgage expert with ...
LendingClub was initially launched on Facebook as one of Facebook's first applications. [9] [10] After receiving $10.26 million in a Series A funding round in August 2007, from venture capital investors Norwest Venture Partners and Canaan Partners, LendingClub was developed into a full-scale peer-to-peer lending company.