Three p2p lending players competing in Poland

In Poland there will be three p2p lending services competing for borrowers and lenders:

The services are positioned quite differently, with different minimum loan sizes ranging from 500 PLN (approx 200 US$) to 3,000 PLN. Furthermore Finansowo appearantly will not do any credit score checking and "will not touch the money", so apparently payments need to be conducted directly between borrower and lender. 

All sites target a young audience aged 22 to 34 and think that Polish customers are open to new ideas.

(Source: Virtuous cycle)

Kokos – p2p lending in Poland launched the first p2p lending service in Poland. I interviewed Dorota Janik, PR Manager of Bluemedia, about the new service. Can you please describe Kokos?

Dorota Janik: is the first p2p lending or social lending system in Poland. It opens new possibilities in e-finance industry and fills a niche between offers of banks and other financial institutions.

The main advantage of is being able to offer a much more beneficial interest range for both the lenders and borrowers, and a higher level of security than on other web based auction systems.

The most stress has been put on the borrower verification process. uses Biuro Informacji Gospodarczej (BIG) to check borrowers credit history and to assign their rating in the system. Continue reading