This is just in theory, so don't jump to conclusions.
https://uk.zopa.com/Is a community based lending site, much like BTCJam, but instead it is backed by hard credit checks and from the last set of market results, as a whole there is only about a 0.02% default rate. I figured if we pooled our money we could reap the benefits much more than just individual loaners.
To give an example, I recently invested £10, interest for this month was £0.05 which is more than the banks would ever give you. If we find a good way to approach this (in terms of safety of funds) then I figure it could be beneficial for all of us.
Thoughts?
