Investoid

While perusing Google, I came across a site called CommunityLend. Juding by their splash site, they will use the peer to peer lending model that Prosper and Zopa use.

I applaud this type of service coming to Canada, and have been eagerly awaiting someone to bring this concept here. I see benefits for borrowers and lenders alike. For those with solid credit, you can build a nice carry trade business in such marketplaces.

I look forward to seeing what features will be available at CommunityLend, including what type of credit and income verification schemes they will have, as well as if there will be any portfolio management solutions for lenders.