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Prosper: The eBay of Loans?
URL: http://www.businessweek.com/technology/content/feb2006/tc20060213_147523.htm

Description:
This 2006 article describes a new online financial service that "matches people who need small loans, but can't get them from traditional banks, with willing lenders." These person-to-person loans do not just "provide a new way for individuals to get small loans. It could also turn anyone with a little money into a banker." Discusses how Prosper works, payment processing, and potential problems with defaults. From Business Week.

LII Topics: Consumer Research & Advocacy, Loans, Loans, Money

Author:
Hof, Robert

Publisher:
The McGraw-Hill Companies Inc

LII Database Information:
Record 24862 created by Maria Brandt on 11/05/2007
Last modification on 11/06/2007
Published: 11/14/2007  
Funding agency: California State Library
LII Item ID: http://lii.org/cs/lii/view/item/24862

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