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Prosper is a Web 2.0-style microlending system that lets you pool money with other investors. The money is lent to borrowers who might be trying to start a new business or consolidate their credit card debt. The start-up gets permission to do full credit checks and as a lender you have the option of reviewing potential borrowers, or even seeing what successful lenders are investing in. Pretty fascinating stuff.
Submitted by jason - 2007-05-09 18:28:39
Channels - web2.0 
fallonplanningblog
Tags - web2.0 credit startup microcredit microloan
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That is an amazing idea. It will be interesting to see how well this is adopted. Talk about getting over the whole "fear of internet privacy" thing.
Submitted by dannis - 2007-05-10 07:58:07