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.

WikiLoan is well-positioned to benefit from significant growth in the peer-to-peer lending market through its proprietary software, fee-based revenue model and streamlined back-office operations which provide a distinct competitive advantage.  Through its dynamic business model, favorable macro market conditions, and strategic alliances and partnerships with financial institutions, they plan to quickly expand their customer base and ramp-up operations.

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