Don’t have much of a credit rating and still want a new car tomorrow? Or, have some money over and want a better interest than you get at the bank or in anything but the highest yield junk bonds? There is a great new Dutch site, for P2P lending: Boober. I’d almost like to call it micro-lending, but most of the loans seem to be somewhere in between €500 and €15,000, so it ain’t micro or macro, but maybe medio-lending? Doesn’t really have the right ring to it.
The really clever thing here is that this is true peer-to-peer lending. As started by Zopa that means it’s ‘social’ lending, replacing the middle man — the banks — with a more virtual middle guy, who takes a much smaller cut and enabled a lot more transactions.