tag:blogger.com,1999:blog-635775902352571070.post6262038601101933521..comments2023-03-07T06:03:36.419-08:00Comments on Shotguns and Penguins: On a Quest for Social LendingRyanhttp://www.blogger.com/profile/00056461380635724491noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-635775902352571070.post-87972357493066993992008-11-28T07:21:00.000-08:002008-11-28T07:21:00.000-08:0040BILLION.com is a site that helps entrepreneurs r...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. <BR/> <BR/>For more information, visit http://www.40billion.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-635775902352571070.post-65041938886508033372008-10-26T05:05:00.000-07:002008-10-26T05:05:00.000-07:00Great to get an "outsiders" perspective on the P2P...Great to get an "outsiders" perspective on the P2P-lending industry.<BR/><BR/>As Co-founder of www.MYC4.com, I just want to comment on differences we find decisive:<BR/><BR/>Investors at MYC4 is currently having an average interest rate of 12.8% p.a.<BR/><BR/>Out of +3,000 loans to African businesses, only 23 have not been able to repay the loan (defaulted).<BR/><BR/>This said, I fancy ALL initiatives that is tuned-in to make a greater world!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-635775902352571070.post-54821469557528253732008-10-26T02:21:00.000-07:002008-10-26T02:21:00.000-07:00Hi,great introduction.Lot's more on p2p lending (b...Hi,<BR/><BR/>great introduction.<BR/>Lot's more on p2p lending (background, interviews, ...) can be found at<BR/><A HREF="http://www.p2p-banking.com" REL="nofollow">P2P-Banking.com</A><BR/><BR/>P.S.: North Americans can currently only use MyC4 if they agree that they donate, not lend (regulation reasons)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-635775902352571070.post-35901643675897492222008-10-25T16:16:00.000-07:002008-10-25T16:16:00.000-07:00Thanks for the mention. I would characterise the ...Thanks for the mention. <BR/><BR/>I would characterise the new social lending as eliminating the bureaucracy associated with lending while retaining the security of regulation. Consumers whether borrowers or lenders need to know they are dealing with understandable risks, and the result must be one that is sustainable.Anonymousnoreply@blogger.com