People quote the old saying: "There is nothing new under the sun", and this can be applied to peer to peer
personal loans. In ancient history, before banks were invented, money was lent from one individual to another. Based on who needed the money, and who had some money they were willing to lend out, lenders and borrowers usually located each other in an informal marketplace. This is the core of person to person, or peer to peer lending, at its…
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Posted by Leon Ringgy on February 10, 2010 at 12:06am