I just found out that two website are available for P2P lending.
The media has dubbed it, “ebay of lending.”
It’s really quite simple. The website is an exchange that matches lenders and borrowers. They mostly target individuals; so Ann-Beth in Little Rock is the provider of capital to Josh in New Haven. There is no bank involved.
The websites offer the forum plus security by ensuring identity and credit information of borrowers. The system is kept simple by the lack of collateral loans.
Right now, ZOPA is only available in the UK and Prosperity in the US.