Comunitae’s February Newsletter Promises Launch Soon
Comunitae, the first announced peer to peer lending site in Spain, upped the ante in their February 2009 Newsletter, saying “falta muy poco” (the wait is almost over) before Comunitae can become the first P2P lending site to launch in Spain.
The newsletter says everything is ahead of schedule, and that they are finalizing details for the launch in the second trimester [of 2009, presumably]. Also included is a link to a Twitter account for Comunitae (with two tweets to date), the promise of a soon-to-come blog, and a list of the company’s management team. The team includes a CEO, CFO/biz dev, Operations, Technology, Credit/Risk, and Communications. Funnily enough, the spanish title for the director of communications is “Director de Comunicación y Community Manager”. They don’t translate “Community Manager”. 
Comunitae is racing against Lubbus to be the first social lending site in Spain. With 2 million Euros in funding, Comunitae probably has more resources; Lubbus has not announced any funding to date.
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It is already possible to make online lending between individuals in Spain. http://www.lubbus.com has begun to operate as the day of its launch on March 19. Also soon will be available to provide microcredit to people in the third world through the International Foundation lubbus.