Financial Innovation
The Benefits Of A Car Title Loan
One way to obtain additional cash quickly for financial emergencies is to use a car title loan for getting the funds. These loans allow a person to obtain a significant amount of money by using their car title as collateral for the loan. As long as the car is in good shape and the car [...]
How to pay for your car
How do you shop for Christmas? How do you shop every year, right through the year? We go to the shops, of course and on Black Friday we go as early as possible to try and get the best deals and not to get the black eye. But there are other options. You can also [...]
Thoughts on Automatic Peer-to-Peer Lending Investments
One of the drawbacks of peer-to-peer lending is that investors must actively manage their accounts. As they receive payments from borrowers, they must re-invest their investment funds in new loans to maintain their rate of return. To address this issue, Lending Club has developed a special type of account called “Lending Club PRIME” for investors [...]
Choosing the Right Home Insurance
Choosing home insurance that offers the benefits you need at affordable rates can be challenging, especially for first-time home buyers. When you take out a loan to buy a house, your lender will require that you provide proof of home insurance to secure your investment. However, you are not obligated to purchase the insurance that [...]
Kiva.org and Visa Partner on U.S. Small Business Loans
Visa inc. (NYSE:V) and Kiva.org have partnered in a program, referred to as Kiva City, aiming at expanding credit opportunities for small businesses in the United States. The new initiative was announced by former President Bill Clinton last week on stage at the Clinton Global Initiative America conference in Chicago. The Kiva City initiative aims [...]
PayPal to Discontinue Money Market Fund
PayPal announced earlier in the week that it would be closing its money market fund as of July 29th, 2011. The PayPal Money Market Fund currently allows PayPal users to have their account balances invested in a money market fund, so that users can earn interest on their PayPal balance. The fund had originally served [...]
Mt. Gox Bitcoin Exchange Set to Resume Operations after Hack
Mt. Gox, a prominent Bitcoin Exchange, plans on resuming operations this morning after the exchange’s account information was compromised over the weekend. The Bitcoin currency exchange temporarily shut down its website after its database, including usernames and insecurely-stored passwords, was hacked. The attacker reportedly sold 100,000 BTC, which represents about 1/13th of all existing Bitcoins, [...]
ReadyForZero Raises $4.5 Million in Venture Capital
ReadyForZero, a startup that helps consumers pay off their debt, has raised $4.5 million in venture capital. The Series-A round was led by Polaris Venture Partners and Citi Ventures also participated in the round. The company had most recently raised $260,000 in an angel round in October 2010 which came from a number of well-known [...]
Bitcoin Exchange Rate Drops 55% in 48 Hours
The massive run-up in the value of Bitcoin may be over. After reaching an all-time high of more than $31.00, Bitcoin’s exchange rate is plummeting. On Thursday, June 9th, Bitcoin was trading consistently between $28.00 and$29.00, however, by the end of the day on Friday that value had dropped to a range of $23.00 to [...]
ACCION International Launches Microfinance Institution in Northern Brazil
ACCION International recently announced that it would be launching a new microfinance institution (MFI), ACCION Microfinanças, in Amazonas, Brazil. The new MFI will provide financial education and working capital loans to residents of the state. ACCION Microfinanças also plans on implementing a number of innovative microfinance tools in the state, including credit scoring, cash-flow assessment [...]
U.S. Senators Seek Bitcoin Crackdown
Democratic Senators Charles Schumer (D-NY) and Joe Manchin (D-WV) are pressing U.S. Attorney General Eric Holder and Drug Enforcement Administration head Michele Leonhart to crackdown on Bitcoin, a peer-to-peer currency, after reports that users are using Bitcoins to purchase illegal drugs on a website known only as “Silk Road.” The two senators released a copy [...]
Stealing Computing Power from Web Users to Generate Bitcoins
There is real money to be had in generating Bitcoins. If you are lucky enough to mine 50 BTC from the Bitcoin peer-to-peer network, you would be able to sell them for $675.50 at currency exchange rates list on Mt. Gox. Our guess is that the exchange rate will fall after the initial buzz of [...]
The State of Peer-to-Peer Student Loans
After Prosper.com and Lending Club made a splash in the lending world with peer-to-peer loans, a second generation of peer-to-peer lending companies emerged that specifically aimed at providing financing for college education. These companies launched in 2007 and 2008 with the aim of providing an affordable alternative to expensive private student loans using funds from [...]
A Bitcoin Apocalypse: Possible Scenarios
A few months ago, Bitcoin was an obscure open source project. Since then, it has been featured on hundreds of blogs and prominent podcasts including Security Now and This Week in Start-Ups. CNN even did a piece on Bitcoin. There are now more than 12,500 members on Bitcoin’s forum and a Bitcoin community called We [...]
The Bitcoin Economy
The last half-decade has been marked by financial innovation. Online savings accounts made the interest rates offered by mega-banks look paltry. Peer-to-peer lending companies brought the opportunity to invest in consumer credit to the individual investor and now an open-source project has created an entirely new currency—the Bitcoin. What is Bitcoin? Bitcoin is a digital [...]
Kiva Now Offering Green Energy Loans to Entrepreneurs in Developing Countries
Kiva, a non-profit organization that sets up peer-to-peer microfinance loans, is now offering “green loans” to help borrowers adopt cleaner and safer forms of energy, implement green agriculture techniques and adopt environmentally friendly forms of transportation and recycling. Borrowers are seeking green loans on Kiva for very diverse reasons. International farmers are seeking loans to [...]
Kiva Reaches $200 Million in Microfinance Loans
Kiva.org, a non-profit which facilitates microfinance loans to entrepreneurs in developing countries, announced that it had setup more than $200 million in loans to entrepreneurs across the globe. The milestone comes just twelve months after the non-profit hit the $100 million mark in facilitated loans. The microfinance non-profit has seen significant growth since its launch [...]
Kiva Launches Lending to U.S. Borrowers
Microlending darling Kiva has announced today that they will start allowing lenders to fund loans to Americans. Although Kiva has facilitated over $75 million in loans to entrepreneurs (Kiva calls them “the working poor”) in developing nations since 2005, this is the first time that American residents have been able to take advantage of the [...]
MicroPlace Advertising 6% Returns Heavily
It’s hard to read TechCrunch anymore without seeing MicroPlace ads claiming you can earn up to 6% on your money. The microlending outfit backed by eBay launched 18 months ago as the first online microfinance platform that provided a return to investors, and has gradually brought on higher and higher-yielding partners over time. Initial returns were in [...]
Yes, P2P lending is growing everywhere. In the UK sites like Zopa, YES-secure are fast chasing the banks. 
The performance of p2p lending is increasing day by day due to its hard work and dedication towards work.I liked ...