RSS Feed

a playground of art, photos, videos, writing, music, life


You are here

Random Quote

Most writers regard truth as their most valuable possession, and therefore are most economical in its use.
-- Mark Twain


Blog - Blog Archive by Month - Blog Archive by Tag - Search Blog and Comments

<-- Go to Previous Page



I'm a banker, and here's my first loan that I've made, to a person wanting to expand their business and who has A-grade credit.

I'm not the only one who invested in this person. 246 other people did as well, at various amounts. All together, we loaned this person $10,000.

After 36 months of $1.79 payments made to me, my $50.00 investment into someone's dream will become $64.44. That's $14.44 in three years' time. That's a decent conservative return and it sure beats any CD or savings account at a bank. I plan to tell my folks about this. They're gonna retire soon, and I bet that they would love to invest in this. They'd think it was fun. I wonder what will happen when 79 million baby boomers start to learn about this...

A growing segment of student loans, car loans, home improvement, small business, and debt consolidation loans are happening like this.

Disruptive innovation happens on the fringes. Then it becomes mainstream. Then companies scramble to find a way to stay relevant. It'll be interesting to see how P2P lending plays out.


by Brett Rogers, 7/9/2008 12:44:45 AM


Add Your Comment:
Name (required):
Web Site:
Remember Me:   
Content: (4000 chars remaining)
To prevent spammers from commenting, please give a one-word answer to the following trivia question:

What do you call that white stuff that falls from the sky in winter?