|Another Emerging Trend In Social Media - Peer-To-Peer Lending|
|Wednesday, 09 February 2011 14:05|
When you borrow money from someone, especially someone you know, a lot of questions come up. It's a very uncomfortable process for both the Borrower and the Lender. WikiLoan provides tools and promissory note to make the process go smoothly without embarrassment on either side.
WikiLoan, a peer-to-peer lending platform that operates through
its website, www.wikiloan.com, enables individuals who want to
borrow $25,000 or less to engage with lenders, within and beyond
their social networks, who are capable of making educated decisions
and want to earn higher interest rates than currently available
with traditional institutions. It offers value-added services
such as loan documentation, promissory notes, repayment schedules,
email reminders, online account access, and online repayment.
In addition to its easy-to-use and state-of-the-art website,
they have a highly effective back-office set-up to completely
automate and efficiently manage the lending process.
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