Online loans

Peer-to-peer social networks have been creating lots of business opportunities. Zopa, or Zone of Possible Agreement, is one of the premier peer-to-peer lending sites. At Zopa, lenders can decide at what rate they want to give a loan, at what risk level and for what time period. Once they put money into the account, borrowers can take loans on these pre-determined terms and lenders have full access to see who has taken the loan, how much is owed and if any is still available for other borrowers. With Zopa, consumers can easily take online loans and don't require a bank at all. The system is operation in the UK and will soon start in the US.