RT @JoshBBornstein: 65 year study confirms my research: Tax cuts don't lead to economic growth. Ping @Nick_Xenophon , @BCAcomau https://t.…
19/08/2017 9:13 PM
RT @attn: .@Schwarzenegger has a blunt message for Nazis. https://t.co/HAbnejahtl
18/08/2017 9:38 PM
RT @PositiveMoneyUK: Make Monetary Policy Fair: It's time to explore alternatives to 'conventional' QE. https://t.co/m6CFVojm7w #QEforPeopl…
18/08/2017 9:35 PM
@deirdrekent To be expected when income is taxed and capital gain not...
16/08/2017 9:22 PM
@bernardchickey @YourHomeLoanNZ Add ring fencing loses / deal to negative gearing and we might see some balance develop in the economy.
16/08/2017 7:36 PM
@bernardchickey Or take the job and do the right thing anyway - the RBNZ is "independent" after all...
16/08/2017 7:34 PM
@bernardchickey Not take the job because you would know you would be on a hiding to nothing. The link between earn… https://t.co/nxPRuAaT6t
16/08/2017 7:31 PM
RT @theyearofelan: Sure, the cancer was aggressive. But the chemotherapy was also very aggressive. There was aggression on both sides
16/08/2017 7:27 PM
@bernardchickey DTI+LVR+OCR all needed for financial stability & inflation.RBNZ can then push back on dumb policy f… https://t.co/CqXISZUHGq
16/08/2017 7:27 PM
@SelwynPellett Farming capital gains makes it hard to pay current expenses hence the need to externalise costs. Th… https://t.co/J1yevZAHft
14/08/2017 5:46 PM
Recent Post Comments
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.

Print-friendly
9
AUG 10

Social (Peer to Peer) Lending comes to New Zealand




With the financial upheavals in the world the advent of social lending has grown somewhat under the radar of most people. In the USA www.prosper.com and www.lendingclub.com have grown quickly followed by www.zopa.co.uk in the United Kingdom.


In a world where institutional lenders have become risk averse and deposit returns have fallen it is probably not surprising that peer to peer lending, facilitated by the ever present Internet would find its place in the sun. As institutional lenders tend to charge in the high teens of percent on lending and paying low units of percent on deposits; at some point the emergence of peer to peer activity was inevitable. All that was required to take advantage of the interest rate spread was a suitable framework or platform.


Somewhat surprisingly New Zealand has been late to the peer to peer lending party, but now www.lendit.co.nz is available and worth a look. Experience elsewhere has shown that peer to peer lending activity has a strong role to play in the credit markets, now the Lendit platform makes it possible in New Zealand.
 


tags: lendit, peer to peer, lending
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.