Wiseclerk
Site Admin
Joined: 22 Nov 2007
Posts: 70
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 Posted: Sun Dec 09, 2007 7:13 am Post subject: Zopa - short overview |
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The first service of Zopa was started in the UK
Homepage: Zopa.com
Operated by Zopa Ltd, London, UK
Launch on March, 7th 2005
Lenders have to be UK residents
Max. investment per lender 25.000 GBP (unless the lender has a license)
Borrowers have to be UK residents
In Nov. 2007 under the Zopa brand a franchise (P2P s.r.l, Milano, Italy) launched Zopa.it
Borrowers and lenders have to be residents of Italy.
In Dec. 2007 Zopa launched in the US. Zopa US is partnering with credit unions. It has a different management and concept then the UK service.
Lenders have to be US residents.
Borrowers have to be US residents with a credit score of at least 640 and a monthly income of at least $2,000
Lenders invest in a CD, where the principal is insured (no default risk). Interest rate max. 5.1% (as of Dec. 07)
Borrowers and lenders must join one of Zopa's partnering credit unions
Read more: P2P-Banking articles on Zopa
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