2007-03-21 11:22:53 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Generic term for the method of lending pioneered by 'Credit Unions' now applied to Internet based "person to person" loans = a prime example being the US based 'zopa.com'.
http://lending.zopa.com/peer-to-peer-money-lending/
Note that the same mechanism has also been used for years in many small towns / villages in UK where your friends/neighbours help out on an informal basis ...
2007-03-21 21:19:09 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
A scam or lending your mates/family cash
2007-03-21 11:25:56 · answer #2 · answered by Dick Splash 2 · 0⤊ 0⤋
If you lend me $100.00 USD by PayPal I will pay you $125.00 USD after a year.
2007-03-21 19:21:56 · answer #3 · answered by Anonymous · 0⤊ 1⤋
sound like the classic MLM- with a new name.
2007-03-21 11:26:08 · answer #4 · answered by ? 5 · 0⤊ 0⤋