Some Peer to Peer Facts
Searching on Google for "Peer to Peer lending" finds - About 540,000 results;(0.43 seconds)According to the June 2012, FT article 'Peer-to-peer lending: Model takes off Worldwide'; UK Peer to Peer lenders will loan around £200m in 2012 alone. This is a big jump as in the UK the total lent so far by the three largest players; ZOPA, Ratesetter & Funding Circle is £250m. This boost comes from a Government pldege to support the P2P industry with £100m.
In the US P2P industry has loaned over $1bn.
P2P lending is now regularly included by loan comparison sites such as moneysupermarket.com. Press coverage has grown rapidly since the start of the financial crisis with micro-lending, P2P & individual lenders being regularly covered by the mainstream media and financial press.
Not bad for something which didn't really exist until early in the new millennium.
