July 23rd, 2008 — , Australia, Lending Hub, lendinghub, lendinghub.com.au, pre-launch, regulation, uniform consumer credit course from wiseclerk @ P2P-Banking.com
Lending Hub - an australian p2p lending site, which says it will launch in August or September 2008, has set an ambiguous aim: processing borrowing and lending applications in real time.
The Lending Hub system will check and process a borrowing application within less than a minute (assuming you have a traceable credit history and have [...]
Continue reading → Australian Lending Hub aims at real-time verification
July 23rd, 2008 — , Money Question, debts, financial advice, financial help, foreclosure, personal loans from Lazy Man @ Lazy Man and Money
Every now and again, I get e-mails from readers asking for advice. I always stress that I’m licensed to give individual financial advice. However, I often opine with what steps I would take if I found myself in a similar situation.
This week’s e-mail comes from Candi (as always names have been changed for anonymity and to stimulate readers’ imaginations). I’ve paraphrased it to put a focus on the important information:
Hi, I briefly read some of your articles. I need financial help and don’t know if you can help. I have made poor financial choices in [...]
Continue reading → Reader Email: Help Me, I’ve Been Evicted!
July 23rd, 2008 — , Financial Education from Mike Smith @ Lending Club
The number of foreclosure filings for June was recently released, and the news is not good. The Associated Press is reporting that filings were 53% higher than last June. This trend shows the increasing number of homeowners with few perceived options and reminds us all to take steps to prevent foreclosure before it’s too late.
The [...]
July 23rd, 2008 — , Prosper.com, Statistics, Strategy, Tools, aa, axis, credit grade, credit history, curves, data export, loan origination, loans, methodolgy, private data, slopes, sql from RateLadder @ Rate Ladder
The methodolgy or the sql for obtaining the data these curves from the private data export has already been explained in detail, but briefly…
The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop when [...]
July 23rd, 2008 — , Prosper.com, Statistics, Strategy, Tools, aa, axis, credit grade, credit history, curves, data export, loan origination, loans, methodolgy, private data, slopes, sql from RateLadder @ Rate Ladder
The methodolgy or the sql for obtaining the data these curves from the private data export has already been explained in detail, but briefly…
The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop when [...]
July 23rd, 2008 — , Dividends, Income Streams, chunk, diversification, financial disaster, households, initial investment, interest payments, investments, leverage, money roll, passive income, paycheck to paycheck, personal finance, population, reliance, risk, second choice, second job, side business, spartan, streams of income, temptation from Rich Leverage @ Rich Credit Debt Loan
Right now, more than 80% of households in the United States live on a paycheck to paycheck basis. This means that a lost job could result in financial disaster for a large chunk of the population. Once you get into the trap of relying so heavily on one paycheck, it can be pretty hard to [...]
July 22nd, 2008 — , Bosnia and Herzegovina, ECA (Eastern Europe & Central Asia), KF5 (Kiva Fellows 5th Class), Nora Moran, Zene za Zene International (Women for Women) from normamo33 @ Kiva Blogs from the Field
The smell of a farm is one thing that is familiar to me, but not much else is. It’s amazing how removed you can be from a process that is so central to life, but it’s true. Feel like I should take some kind of crash course in farming, something that would qualify me to [...]
Continue reading → Life of Kiva Clients in Bosnia: The Amateur’s Version
July 22nd, 2008 — , Advice for New Lenders, Portfolio Plans, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
This morning, I decided to create a Portfolio Plan to find listings with an estimated loss, even with a 35% lender rate. This plan is shared on my Prosper profile.As of this writing, 672 of the 2279 listings on Prosper are picked up by this plan–~30% …
July 22nd, 2008 — , News, Opinion, Prosper.com, goodbye friends, kiva.org, leaving the industry, lendingclub.com, new direction from Jeff @ P2P Lenders
Lately I’ve been at a loss for words on the peer lending industry and it’s overall behavior/attitude towards it’s clients. From Prosper.com’s complete ignorance to Lending Club’s quiet period (which still make little sense to me) I feel so anxious, frustrated and annoyed with all of the things I see and hope for not connecting [...]
July 22nd, 2008 — , P2P Lending, Prosper Borrowers, peer to peer lending, personal loans from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
There used to be several ways to be able to get a loan. Now, with the credit crunch it has become considerably harder. For example, if you are in the market for a new or used car or just want to reduce your monthly payments on your car, there are a couple of different ways [...]
Discount TreadmillContinue reading → Low Rate Unsecured Personal Loans for Many Uses
July 22nd, 2008 — , credit bureau, credit card offers, credit score, fico scores, free trials, mortgage, personal finance, spam, ssn, third parties from Rich Leverage @ Rich Credit Debt Loan
Never before have Americans been so interested in their credit scores, and as such, numerous sites have cropped up offering to sell them. It can get pretty expensive if you want to keep checking your score with these sites and many people discover hidden monthly fees that rack up quickly. While you can get a [...]
Continue reading → Credit Karma — Free No Strings Credit Scoring
July 22nd, 2008 — , Advice for New Lenders, Common Mistakes, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Today I see my first official “Late” loan in my account summary. Click to view larger image.However, I haven’t lost hope for this one yet.The borrower seems to be trying to make it right. One day after the daggers for the 10-day pull showed in my accou…
July 22nd, 2008 — , Financial Education from Kevan Lee @ Lending Club
The Dark Knight, the latest in the new series of weighty Batman remakes, had the biggest opening in box office history last weekend. The movie, directed by Christopher Nolan, features an outstanding performance by the late Heath Ledger and an outstanding storyline that helps it transcend superhero movies and become simply a great story.
Batman, as [...]
Continue reading → 4 Practical Financial Lessons from The Dark Knight
July 22nd, 2008 — , Financial Education from Mike Smith @ Lending Club
Being over-insured is certainly less of a concern than being under-insured, but is still a source of inefficiency in our lives. For households where both spouses work, outdated thinking makes over-insuring a common occurrence.
Societal norms, generational traditions, and gender biasing continue to perpetrate the belief that men are the providers for their families. Women’s increasing [...]
Continue reading → When Both Spouses Work, Don’t Over-Insure
July 22nd, 2008 — , Bad debt, Credit Cards, average person, car loan, cards, compounds, credit card debt, credit history, debt, debts, dry cleaning, education, fence, home loan, money, personal finance, right of passage, risk, sake, salary, student loans, three times from Rich Leverage @ Rich Credit Debt Loan
The average American is currently carrying at least some form of debt, even if it is small. We live in a society where overspending is common and credit card debt has become a right of passage. In many cases, you need to be in debt in order to start building your credit history. Without this, [...]
July 22nd, 2008 — , Frugal, gas, gas saving tips, how to, save money from Lazy Man @ Lazy Man and Money
Unless you’ve been in a coma for the last six months, you’ve noticed the pinch of gas prices. You don’t need to just sit back and watch your wallet grow thinner and thinner. You can take action and learn how to get more miles for your dollar than ever before.
Be a More Efficient Driver
Brakes are your enemy. When you step on them, you have spent gas to go nowhere. Think ahead to limit the amount of brakes that you need to use. Trust me, it becomes a habit very quickly and you no longer have [...]
July 22nd, 2008 — , KF5 (Kiva Fellows 5th Class), Nick Sabin, Salone Microfinance Trust, Sierra Leone, africa from nicholassabin @ Kiva Blogs from the Field
Musa Kamara is a simple man. He lives in small hut in a remote region of the Sierra Leone jungle. He lives with his wife and daughter under a palm-branch roof that he built himself. For food he grows a few vegetables in his garden and hunts his own bushmeat. Musa gets almost everything he [...]
July 21st, 2008 — , Angkor Microfinance Kampuchea, Asia & the Pacific, Cambodia, KF5 (Kiva Fellows 5th Class), Sanjaya Punyasena from Sanjaya P @ Kiva Blogs from the Field
On Friday, Sophanith, Elena and I went to visit the Thea Chhin group, to do a journal on the group leader, Thea Chhin. The journey to Sala Khom Village was quite long. We left AMK’s central office in Phnom Penh early in the morning and the drive to the branch office in Kampong Chhnang [...]
July 21st, 2008 — , Late Charts, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Fred93 has been keeping track of Late Loan Stats in the Prosper loan portfolio for some time now. While these charts make lending on Prosper appear about as profitable as playing Russian Roulette, I’m finding a much rosier picture by examining a subs…
July 21st, 2008 — , Net Worth, retirment, stock market from Lazy Man @ Lazy Man and Money
For the past couple of years, I’ve been keeping track of my net worth and posting about gains and losses. I’ve started to realize that it’s typically a very boring post. I don’t know if readers really get too much value in reading that I’ve lost $800 due to stock market fluctuations. As such, I think I’ll just continue to weigh in with a brief post like this and give a couple of interesting details… if there are interesting details to give.
This month was a tough month. The stock market hasn’t been doing well and my [...]
July 21st, 2008 — , Zing Funding, atlanta ga area, banks, connection request, credit card, due diligence, email, fico score, first franklin, individual investors, internet consumers, investor, out of the blue, scoop, scope, unsecured loan, zing from RateLadder @ Rate Ladder
I received a rather unusual linked in connection request today… I thought it was out of the blue and almost deleted it… (It may have been out of the blue, but since I cover p2p lending I thought I would take the opportunity to scope/scoop the story.)
The website just has a sign up form to [...]
July 21st, 2008 — , Features, Lenders, Lending Club, Site Review, account management, busy at work, conclusions, group loans, loan performance, long time, money, monthly statements, motivation, portfolios, quiet period from RateLadder @ Rate Ladder
A few weeks ago Rob Garcia at Lending Club announced updates to the lending account management features. I apologize it has taken me this long to cover the update, but I have been busy at work and frankly without lenders having the ability to lend money I was lacking motivation. Well I got to it [...]
Continue reading → Lending Club Updates Lending Functionality
July 21st, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
Despite the difficult times in the student loan industry, financial aid administrators are working tirelessly to get the funds that their students need to attend college in the fall. In a recent poll conducted by NASFAA, a total of 90 percent of student financial aid administrators have stated…
[...]
July 21st, 2008 — , Financial Education from Mike Smith @ Lending Club
Here on the Lending Club blog, we’re always on the lookout for ways to help you save money. One area you might want to examine is your use of texting services. When I last renewed my cell phone contract, I noticed that both the cost of individual text/picture messages as well as that of unlimited [...]
July 21st, 2008 — , Prosper from zcommodore @ Posts from all blogs
If you need any more evidence that Prosper does NOT have your best interests in mind if you’re a lender, you need go no further than this loan. It has “Nigerian Lottery Scam” written all over it. The borrower was either a sucker or, more likely, a …
July 21st, 2008 — , Insurance, Standard of Living, budget, car payment, economy, expenditures, gas prices, groceries, gum, investments, money, paycheck, personal finance, rough patch, savings account from Rich Leverage @ Rich Credit Debt Loan
Right now, it has never been more important to manage your bills and get your finances under control. The economy is going through a particularly rough patch, food and gas prices are going up and it can be pretty hard to make your paycheck stretch each month. If you’re finding it difficult to keep up, [...]
July 21st, 2008 — , Jessica Heinzelman, Lift Above Poverty Organization (LAPO), Nigeria, africa from jheinzelman @ Kiva Blogs from the Field
My small black notebook is quickly filling up with lengthy scribble detailing the businesses and lives Kiva lenders are touching in Nigeria. The ever-present entrepreneurial spirit in this country fascinates me while the big-picture political economy boggles my mind.
To put it all in context, Nigeria is the world’s 6th biggest oil producer. Oil revenues constitute [...]
July 20th, 2008 — , AlSol (Alternativa Solidaria Chiapas), KF5 (Kiva Fellows 5th Class), LAC (Latin America & the Caribbean), Tatiana Peralta, mexico from tperalta @ Kiva Blogs from the Field
I can’t believe 3 weeks have gone by and I still haven’t blogged sharing with all of you my experience so far. I’m truly sorry for this but I’m hoping to redeem myself and be able to write and describe everything I’ve lived this past days. So back to the beginning…..
I believe (not sure if [...]
Continue reading → Feeling like a stranger in my home country…
July 20th, 2008 — , Links, little miss sunshine, volkswagen bus from Lazy Man @ Lazy Man and Money
Today, my wife and I drove 7 hours from nearly San Deigo back to our home in San Francisco. It got me thinking about the road trip in little Miss Sunshine where they take a Volkswagen Bus. If it weren’t for the gas prices it would be fun to own a Volkswagen Bus. I’m not the only one who thinks so though.
Steve Speirs, the guy behind the the hundred pushups phenomenon really wants a VW Bus. He’s trying to pull an Alex Tew, who started the Million Dollar Homepage. What makes this different? It’s [...]
Continue reading → Weekend Links - I Want a Volkswagen Bus edition
July 20th, 2008 — , Advice for New Lenders, Community, Low Risk Loans, Prosper Forums, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
New lenders can learn a lot from the various discussion forums dedicated to borrowing and lending on Prosper, but participation in these communities offers another benefit as well.Spending time reading the forums, one gets a lot of insight into minds o…
July 20th, 2008 — , DIY, Financial, Fishing, Fitness, Golf, Roundups from RateLadder @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
This week has been interesting to say the least… I am very much looking to see what the future will hold. I hope you had a great week as well…
Financial Blogosphere…
Loan Chimp thinks Portfolio Plans are Growing Up
Lending Stats blog on Privatizing risk, socializing losses
Cash Money Life offers this guide on How to Become A [...]
July 20th, 2008 — , Advice for New Lenders, Common Mistakes, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
When I first began to lend on Prosper, I thought the safest loans would also be the smallest. It seemed many other lenders felt the same, because these listings were bid down to really low rates. It makes sense doesn’t it? Small loans have lower paym…
July 20th, 2008 — , blueprint, cash money, dollar plan, financial prosperity, four steps, how to become a millionaire, ing direct orange savings, mid afternoon, money life, money madness, name of the game, orange, perseverance, personal finance, vacation cash from Rich Leverage @ Rich Credit Debt Loan
Sunday Money Madness is back again this week with more great mid-afternoon reads. Don’t miss out on:
Low Cost Weekend Idea: Borrow Library Videos from Blueprint for Financial Prosperity is a great idea for those who don’t have Netflix and are looking to watch [...]
July 20th, 2008 — , KF5 (Kiva Fellows 5th Class), Nick Sabin, Salone Microfinance Trust, Sierra Leone, africa from nicholassabin @ Kiva Blogs from the Field
Musa Kamara is a simple man. He lives in small hut in a remote region of the Sierra Leone jungle. He lives with his wife and daughter under a palm-branch roof that he built himself. For food he grows a few vegetables in his garden and hunts his own bushmeat. Musa gets almost everything he [...]
July 20th, 2008 — , Investing from LendingStats @ LendingStats
It’s always interesting how the odds are always stacked against the small investor.
Consider the following scenarios: (oversimplified, but it’s to make a point)
- Family buys a home speculating that the price would increase. They put 20% down on a 500k house and get the other 80% as a mortgage. (effectively they are buying the house [...]
July 19th, 2008 — , Financial Education from Mike Smith @ Lending Club
When you are living at your means, you are at that balanced point where your expenses are exactly equal to your income. By committing excessive income, you can reach this point while saving considerable amounts of money.
Leaving surplus income uncommitted lets your bank account grow. It also leaves that excess money in a place where [...]
Continue reading → Saving Money While Appearing to Live at Your Means
July 19th, 2008 — , Advice for New Lenders, Common Mistakes, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
It’s easy to be attracted to the listings with really high rates, but I have always considered most borrowers higher risks who are willing to borrow money at exorbitant rates. Eric’s site offers us the ability to examine the late/default rates for …
July 19th, 2008 — , Add new tag, Cameroon, Ghape, KF5 (Kiva Fellows 5th Class), Lucy Gent from lucygent @ Kiva Blogs from the Field
Tuesday was the last day that the former Kiva Fellows, Megan and David, spent at the GHAPE office http://www.kiva.org/about/aboutPartner?id=40. The going-away party was really sweet with a board members lunch and gifts of gratitude. The main office in Bamenda is located in a family compound, with an open central area for recreation and cooking. The [...]
July 18th, 2008 — , Miscellaneous, Review, macbook, novel on sale soon? from Jeff @ P2P Lenders
I’m going to deviate from P2P for a moment… One of the items we desperately wanted to replace whether we were going to be moving or not were our computers. Both hark back to an age of pure computer lunacy and inflexibility as far as upgrades and speed were concerned (around 4 years in age [...]
July 18th, 2008 — , Opinion, Prosper.com, demise, lendingclub.com, portfolio update, tired of being nice from Jeff @ P2P Lenders
OPINION PIECE… Caution is advised as these are my own thoughts and observations!
Lately I’ve been thinking about Lending Club and wishing it were back up and running. Since my start with the LC back in November I have had four loans pay off and one default (I believe it was doomed from the start, but [...]
July 18th, 2008 — , Advice for New Lenders, Common Mistakes, Portfolio Plans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Yesterday I showed you some listings filtered by some pretty restrictive criteria in my pp’s that I would never consider bidding on based solely on the listing. Today, I’ll show you some others that also showed up on my pp search and passed my “Title T…
July 18th, 2008 — , economy, subprime from Colin @ CommunityLend blog
Probably overdue efforts to bring credibility back to banking which has been tarnished by an ‘investment banking’ culture lately.
reportonbusiness.com: Be careful, and other new guidelines
Yet many of these proposed guidelines, outlined in a report Thursday by the Institute of International Finance, may strike investors as self-evident – a sign of just how far the banking [...]
Continue reading → Banks trying to impose their own improvements and stay ahead of new regulation
July 18th, 2008 — , new_zealand, social lending from Colin @ CommunityLend blog
Another future social lender in consultation with regulators, this one in New Zealand. Nice to see they are taking the prudent route and getting regulation on their side first.
Divide and conquer
Most of our hold ups are to do with regulation and approval, but there have been some interesting side adventures along the way.…
About us:We’re [...]
Continue reading → Nexx | New Zealand social lending service
July 18th, 2008 — , Financial Education from Mike Smith @ Lending Club
The environmental benefits of the 3 Rs (Reduce, Reuse, Recycle) are well known and are often the dominant reason for discussing them. However, the positive financial benefits of each are also significant and should not be overlooked. Whether your motivation is environmental or financial, implementing the 3 Rs in your household is a smart way [...]
Continue reading → The 3 Rs: As Good for the Wallet as They Are for the Planet
July 18th, 2008 — , Prosper, borrowers from zcommodore @ Posts from all blogs
Once again, lenders on Prospers.org have come up with another complaint against Prosper; this time in regards to a possible ID theft. You can read about it here in the lobby if you’re interested.One of the pervasive notions on .org is that the only t…
July 18th, 2008 — , Book Review, brains, change of pace, chess, chess expert, chess genius, exercises, extent, facets, fool, game, how to make money, human performance, josh waitzkin, managing your money, martial arts, nutshell, obstacle, personal finance, refreshing change, searching for bobby fisher, self help books from Rich Leverage @ Rich Credit Debt Loan
Although this is a book by a chess expert, don’t let that fool you. There is some hard hitting advice here that can help you in many different areas of your life. If you are trying to learn more about managing your money and becoming a success, this book is one that definitely deserves a [...]
July 17th, 2008 — , Advice for New Lenders, Common Mistakes, Portfolio Plans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
I would never advise new lenders to use portfolio plans (pp’s) to place bids. Prosper has a steep learning curve and there are many red flags that pp’s just can’t pick up. I do have one active pp that picks up borrowers with a previous Prosper loan, 18…
July 17th, 2008 — , Opinion, help out, kiva.org, loans in need from Jeff @ P2P Lenders
As some of you may know, I am a Kiva.org lender and have been since March 2007. Recently I noticed a huge increase in the number of loans that need funding, actually, I darn call it a flood of loans. Some 622 as of this post still need help. This is a major switch from [...]
July 17th, 2008 — , Book Review, Review, real estate, wealth building from Lazy Man @ Lazy Man and Money
Catherine S. McBreen and George H. Walper Jr.’s book may be misleading
Every now and again, publishers sense me books to read. More often than not it takes me a long time to read them. I was sent Get Rich, Stay Rich, Pass It On: The Wealth-Accumulation Secrets of America’s Richest Families in May of 2007.
The last couple of days, I carved out a few minutes to look at the book. As I write this I’ve completed on the first 28 pages. This is why I call it a mini review. I wouldn’t normally try to [...]
Continue reading → Get Rich, Stay Rich, Pass It On: A Mini Review
July 17th, 2008 — from Fiona Ramsey @ Kiva.org
On July 14-15th, the Financial Research Associates in association with The Silicon Valley Microfinance Network (SVMN) proudly hosted the Microfinance West: The Investment Opportunity conference at the Hilton in Fishmerman’s Wharf here in San Francisco….
Wholesale Fishing GearContinue reading → Reception for Microfinance West Conference attendees at Kiva’s Office
July 17th, 2008 — from Jeremy Frazao @ Kiva.org
On July 14-15th, the Financial Research Associates in association with The Silicon Valley Microfinance Network (SVMN) proudly hosted the “Microfinance West: The Investment Opportunity” conference at the Hilton in Fishmerman’s Wharf here in San Fr…
Cheap Fishing EquipmentContinue reading → Reception for Microfinance West Conference attendees at Kiva’s Office
July 17th, 2008 — , Financial Education from Mike Smith @ Lending Club
The government’s plan to stimulate the economy provided checks to most taxpayers in the hopes that they would go out and spend the money. If spending money is a way to stimulate the economy, then does frugal living hurt the economy?
Conventional thinking may trend the short answer to that question closer to ‘yes’ than ‘no,’ [...]
July 17th, 2008 — , Bad debt, Credit Cards, Income Streams, Retirement, aesop, aesop s fables, budget, debt spiral, drinks, good chance, grasshopper, groceries, m 80, managing your money, necessary expenses, partying, personal finance, rainy day, setting a budget, shopping, spending habits from Rich Leverage @ Rich Credit Debt Loan
When you’re trying to save for the future and still manage to eat, it can be tough to find that right balance. We all need to plan ahead and having a savings account really is essential. This can be a cushion or that “rainy day” money that you need, and it is never too late [...]
July 16th, 2008 — , Advice for New Lenders, Common Mistakes, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
I think we all fall into this trap when we begin lending. Perhaps we’re convinced that we can help someone turn their life around or maybe we really like a listing (for whatever reason) but no one else is bidding, so we offer tips to make the listing…
July 16th, 2008 — , credit, credit karma, free credit scores from Lazy Man @ Lazy Man and Money
Free Credit Reports are easy to get. Free credit scores are more challenging.
Free credit reports have been around for some time. You can get three reports a year by going to Annual Credit Report. Be very careful not to go to other sites, because they usually trick you into signing up for something that you possibly don’t want. One such example is FreeCreditReport.com, which runs commercials on television. They sign you up for credit monitoring that costs $14.95 if you don’t cancel within a 7-day free trial (I’ll show you later how to get free credit [...]
July 16th, 2008 — , Friendship Bridge, Guatemala, KF5, KF5 (Kiva Fellows 5th Class), LAC, LAC (Latin America & the Caribbean), Megan Montgomery from montgomerymjt @ Kiva Blogs from the Field
My time at Friendship Bridge has come to an end and I’m off to Guatemala City to start the next phase of my fellowship with la Fundación de Asistencia para la Pequeña Empresa (FAPE). Before I launch into my work at FAPE, I’ll attempt to reflect back on my time with Friendship Bridge a bit. [...]
July 16th, 2008 — , Canada, exchange, florence leung, p2p currency, peer to peer currency, peerfx, peerfx.com, robert dunlop from wiseclerk @ P2P-Banking.com
PeerFX.com a p2p currency exchange that wants do to away with high margins and fees banks charge when exchanging currencies, announced to launch on August, 1st. Users will be able to change US and Canadian Dollars directly (USD, CAD).
Watch a video of the funding. The founders Robert Dunlop and Florence Leung gave away a 51% [...]
Continue reading → Peer to peer currency exchange PeerFX to launch soon
July 16th, 2008 — , Cara Gutterman, Fundación Paraguaya, KF5 (Kiva Fellows 5th Class), Paraguay from caragutterman @ Kiva Blogs from the Field
Visiting clients with Fundación Paraguaya hasn’t been exactly what I expected. Fundación clients aren’t being “lifted out of poverty.” They aren’t the poorest of the poor in Paraguay. Most of the time, their loans are simply maintaining a status quo, economically speaking. So far, I’ve visited clients based out of four branch offices, [...]
July 16th, 2008 — , Canada, funding, peermint, peermint.com from wiseclerk @ P2P-Banking.com
Apparently Peermint.com has participated in the New Ventures BC competition.
The deadline for round 3 is August, 13th.
First prize is 60,000 CAN$ in cash plus 100,000 CAN$ proof of concept award.
Update: Peermint made round 2 but is not among the 30 startups in round 3
Continue reading → Peermint participating New Ventures BC competition