Maneo launch in Japan today launched the first active p2p lending service in Japan. The service connects lenders (aged 20-65) and borrowers (aged 20-60). Maneo verifies the identity, credit grade and the income of potential borrowers (minimum annual income required is approx. 30,000 US$). Borrowers then create a loan listing and set a maximum interest rate. Lenders can bid on the loan through an auction process.

For information about Maneo’s funding see the earlier coverage: “Maneo to introduce p2p lending in Japan

Maneo screenshot date 10/15/2008

Prosper enters quite period for registration statement filing
Lending Club allows lenders to trade their investments