Peer to Peer Lending Activity

How much activity is there in peer to peer lending?

A lot. Why not look at the numbers. P2P-Banking.com recently published total loan history for the major peer to peer lending providers. The top 3 in total loans made are based in the USA, but other countries are active as well.

Virginmoney leads the pack having made $370 MM in loans. Prosper.com did almost half as much (Prosper.com temporarily stopped making new loans). Interestingly, the third place lender is a microfinance site that serves a different function than the major peer to peer lenders. Kiva.org is designed to help you lend to very small businesses in developing economies.

[via NetBanker]

Further reading:

• Peer to Peer Lending Overview
• How Kiva.org Does Microloans