13:26 03 May 2013
The financial smog may appear to be clearing for those near the top of the financial high rise but for those closer to the proverbial “ground working class,” it is thicker than old fashioned lentil soup. And despite what the major financial institutions and government claim, little lending is occurring or trickling down to the middle class or small businesses. In walk some innovative individuals and groups with ideas that are changing the face of lending thru peer to peer (P2P) and crowd funding loans.
Crowd funding groups are a combination of social media and micro investment lenders group meeting under the common ground of passing it forward to its member’s financial investments for worthwhile projects worldwide. With the over £1.9gbn in lending power annually, funding not only business ventures and entrepreneurs but social causes and some personal financial situations maybe covered. Considering crowd funding loans:
Remember crowd fund loans are dealing with crowds. There might be lots of responses or none. In that case, reworking the presentation maybe in order or not targeting the right group. It is also expected that at some point, you pass it forward to other deserving people.
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