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There might already be a site, if so its small, but what would you think of a large community site where people could loan others money?
What would happen is lets say i needed 1000.00 for my car. i said i would pay 5 percent interest in 6 months. anyone can add to what i need so someone could loan 20.00 and would earn 5 percent on that. people could just keep adding until 1000 was filled and that person would have their loan.
Would a site like this be good expecially with the crazy bank rates right now?
Business Question?www.prosper.com
Business Question?what do you do about people who don't pay you back
Business Question?sounds good but interest is high, some would think you are loan sharking online
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