People Capital Post Launch Figures

First figures about lending activity on p2p lending service for student loans People Capital (related articles: People Capital) which launched earlier this month say that so far five to six students received loans for a total of 100,000 US$ from 5 lenders with another 45 students awaiting funding.

Lenders must have accredited investor status to lend. Financial institutions can sign up as lenders, too.

More details in this New York Times article.

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