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Shares / Peer to Peer Lending
« on: April 07, 2014, 10:28:38 pm »
Hey guys,
If anyone is interested, a new Peer2Peer lending site just opened today in South Africa, Lendico (www.lendico.co.za). Does anyone else know about this, and can shed further information? Looks better than RainFin. However the return is determined by Lendico and not by the Creditor or Debtor, with a A grade loan only bringing in a return of 5.73% – 7.20% (per annum i assume), I dont think the return is worth the risk.
But at least it looks like peer2peer lending in South Africa is heating up
What you guys think?
If anyone is interested, a new Peer2Peer lending site just opened today in South Africa, Lendico (www.lendico.co.za). Does anyone else know about this, and can shed further information? Looks better than RainFin. However the return is determined by Lendico and not by the Creditor or Debtor, with a A grade loan only bringing in a return of 5.73% – 7.20% (per annum i assume), I dont think the return is worth the risk.
But at least it looks like peer2peer lending in South Africa is heating up
What you guys think?
