sat 21 feb 2009 07:48:13 — witte de withstraat
who's making money: polish "social lenders"
story on msnbc (a business and financial tv channel) ...
internet driven "peer to peer lending" companies like kokos.pl are making lots more money than they made last year. nowadays lenders are having trouble getting loans from regular banks. and investors no longer think banks are safer than just lending people money. the rates are cheap for the lenders, whereas some bank rates are going up in poland. so far, only 8 % of the lenders have had trouble paying back their loans.