2009 August | | P2P Lending, Peer to Peer Lending, People to People Lending P2P Lending News, Information, Borrowing and Lending Strategy

From my email inbox:

By Justin G. Moore
A little over one year ago I started looking for new ways to diversify my investments. As the declining economy led to interest rate cuts on my regular savings and money market accounts, I wanted to find if there were other places to invest my money aside from regular bank accounts or bonds with limited returns.

Inspired by the idea of helping other people while helping myself with a return on my investments, I looked into whether or not microlending was something I could do and found MicroPlace.com. In total I have invested over $2,500 in various funds averaging a return of about 3%; that is more than my bank currently offers for a money market account at 1.5%.

In April CBS Evening News did a story on the microlending trend gaining traction, with the help of services like MicroPlace, here in the United States. In their investigation, they were able to track money I invested to one of the funds’ recipients in a village near Lima, Peru, where a woman named Paulina used a microloan to help operate her business making artisanal ceramic pieces. The help financing her business allowed her to employ others and send her son to college – all with what many middle-income Americans would consider a small sum. According to MicroPlace, the money I have invested has helped at least four people like Paulina run their businesses and improve the lives of their families and communities. It is wonderful to know that my small recurring investments of twenty or fifty dollars here and there can have such a big impact. As microfinance continues to gain traction as a viable method of empowering people and supporting both financial and social responsibility, communities all over the world and hopefully here in the United States will be able to benefit from even the smallest of investments.

Watch MicroPlace featured on the CBS Evening News with Katie Couric!

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From Lending Club in my email:

Dear Kevin,

Since January 1, 2009 more than 11,000 new investors have joined Lending Club. That 122% increase brings the current size of our investor community to over 20,000 investors!

To thank you for being an innovator in one of the fastest growing asset classes, when you invite your friends to join us as an investor, we will instantly credit their account with $50 to start investing with Lending Club This is great way for your friends, family, neighbors, or coworkers to try Lending Club for themselves.

While it’s no secret to you, it may just be the hot investing tip your friends are looking for: Lending Club notes average 9.6% net annualized returns. Lending Club notes offered by prospectus registered with the SEC.

There are two ways to invite your friends to join Lending Club and have them receive $50 to invest:
When registering online, tell your friends to type in your personal Referred by code when registering: RateLadder

This is a limited time offer, so please have your friends register as investor prior to August 15th to ensure they receive $50 to invest in Lending Club notes.

The Lending Club Team
Lending Club: One of the Top 20 Breakthrough ideas for 2009 – Harvard Business Review

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