The Work From Home Blog

Social lending on the internet (or peer to peer lending) is people lending and borrowing money from each other and a web site acting as a go between, managing all the administrative hassles of repayment, interest rates etc. You simply deposit your chosen amount to use for lending and earn interest. As well as making a return you are also helping out people who need it.

You can invest as little as $25 on some sites. Think of it as putting money into a bank account but with a much better rate of return than normal bank accounts, up to 20% in some cases. On most of the sites you can make the decision of how much interest to charge.

Below are some social lending sites that I found:

Prosper - This is probably the best known one, it is a sort of eBay for personal loans. US only

Lending Club - Not accepting new signups at the moment but keep an eye on it. US only

MicroPlace by Ebay. Money lending to third world countries.  - US only

Virgin Money - This is for lending money to friends and family so as far as I understand you must find people to lend to by yourself. Available to US, UK, Australia, South Africa

Zopa.com - US lenders need to open an account at their credit union before getting started. Available to US, Italy, Japan, UK

International only
Boober.nl and boober.it Netherlands and Italy

Smava.de - Germany

Igrin - Australia

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3. 13 social shopping sites to promote your products at
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