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Latvian P2P lending market is developing rapidly. In Q2 2018 Latvian P2P platforms lent Eur 271.8 million and Eur 1.7 Billion cumulatively. [80] Currently, the most active investors in Latvia's peer-to-peer lending platforms are residents of Germany, Great Britain, and Estonia. [81] The two biggest P2P platforms are Mintos and Twino. Around ...
Peer-to-peer lending can be the answer to all kinds of situations in which you need to get your hands on some cash. Maybe you want to reduce or consolidate debt, buy a car, start a small...
Peer-to-peer (P2P) lending marketplaces such as LendingClub and Prosper make it easy for individuals to access loans without relying on a third-party financial institution.
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At its height, LendingClub was the world's largest peer-to-peer lending platform. [7] The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015. [8] LendingClub enabled borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period was three years.
Prosper Marketplace is America's first peer-to-peer lending marketplace, with over $23 billion in funded loans. [1] Borrowers request personal loans on Prosper and investors (individual or institutional) can fund anywhere from $2,000 to $50,000 per loan request.
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