http://pulse.edf.com/en/three-years-time-well-thorn-side-banks/?utm_source=OutbrainInter&utm_medium=cpc&utm_campaign=TraficPEER-TO-PEER LENDING
The Prêt d’Union is the first website in France to offer online credit between individuals, or peer-to-peer lending. The idea is to return to the origins of the traditional mutual banking model, when savings by one customer were used exclusively to finance loans to another customer without any complex and potentially risky processing operations taking place between the two parties. Prêt d’Union is thus a platform where you can offer money as well as ask for it. The start-up carries out the payments, assesses applications and recovers funds.
Prêt d’Union earns money on the application fees paid by borrowers, but doesn’t earn anything on the interest charged. The business will break even once it reaches €100 million in loans paid out.
Discuss.
~TMI
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