Loans 2.0, credit between individuals

www.minus19.com

11-03-2009 | Lluisa Llamero

We give 2.0

In epochs of crisis it is not missing the imagination, how it is demonstrated by the appearance of the loans P2P, which work to image of the exchanges of files between computers. This way to click rhythm, we can request loans and hope that a user should be interested by the conditions and should grant it to us. The experience has just come to Spain, but in other countries as the United States or Great Britain they are already provided with companies of certain experience in this business. As more popular examples stand out Cripple or Lending Club. The idea arises of adapting the functioning of auctions of eBay and also of the social networks that communicate acquaintances.

In Spain there has arisen Comunitae, which is announced and has announced that it will begin to offer his services from May. This company will make possible to the clients to be bankers and to give his own money across uns auctions system. Comunitae will realize intermediation services and a commission will charge for them both from the lender and from the borrower. Legally the company presents itself as a financial intermediary, although it is hanging of there is approved the law that will regulate this activity.

Another similar company is a Partizipa that is focused especially to finance entrepreneurs on having communicated them with small investors. It works give of ends of 2007 and it is provided with 1629 registered users. The system consists of the fact that the entrepreneur exhibits an idea of business and a plan to carry out it and to make her profitable. This idea published in the business Directory must receive at least twenty positive comments to be born in mind and then there begins the process of detailed study that can finish with the loan of the money necessary to carry out it. At present the most out-standing project that they carry out is a real estate investment in Bulgaria of that they wait for a revaluation near to 100 % in five years.

Projects as these are born like imaginative alternatives to the difficulties of gaining access the credit by means of the traditional banking and can be a good idea so much for those who need the money to extract forward his projects as for those that have a capital and do not see clear the perspectives of the Stock Exchange or the fixed revenue. The banks every time offer less money for his deposits simultaneously that are extending the margins of the interest rates to grant loans. Although, on having embarked in this adventure, they will have to measure well the risks.

On a global scale the credit negotiated between the first five companies adds 550 million euros, according to information of P2P-Banking, a web dedicated to preparing statistics of this type of loans. Although it is a considerable number, the business supposes only a 1 % of the credits that granted the Spanish financial system between January and October, 2008.

To read more on: We are big enough, finance
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