Dien Rice
July 5, 2007, 09:17 AM
Fast cash just a click away...
People are increasingly sidestepping banks and heading to the Internet to set up person-to-person loans
http://www.theglobeandmail.com/servlet/story/RTGAM.20070628.wllending28/BNStory/Technology
Another business practice - revolutionized by the internet!
Thanks Phil for sharing that... Looks great if you need a "smallish" loan (eg. under $20,000)! (I say that's "smallish" since I'm comparing to the amounts many businesses want to raise, in the hundreds of thousands or more...)
A friend of mine who's of ethnic Vietnamese background told me this. Small person-to-person loans like this happen all the time in the immigrant Vietnamese community. Especially to help start small-scale businesses. I bet it happens in many other communities too.
However, thanks to the internet - the whole idea can go "large-scale" and many more people can benefit...
Viva la (internet) revolution! ;)
Cheers,
Dien
People are increasingly sidestepping banks and heading to the Internet to set up person-to-person loans
http://www.theglobeandmail.com/servlet/story/RTGAM.20070628.wllending28/BNStory/Technology
Another business practice - revolutionized by the internet!
Thanks Phil for sharing that... Looks great if you need a "smallish" loan (eg. under $20,000)! (I say that's "smallish" since I'm comparing to the amounts many businesses want to raise, in the hundreds of thousands or more...)
A friend of mine who's of ethnic Vietnamese background told me this. Small person-to-person loans like this happen all the time in the immigrant Vietnamese community. Especially to help start small-scale businesses. I bet it happens in many other communities too.
However, thanks to the internet - the whole idea can go "large-scale" and many more people can benefit...
Viva la (internet) revolution! ;)
Cheers,
Dien
