Loans between individuals (also known in English as peer to peer lending, social lending or crowdlending) are offered by individuals to other individuals without the intervention of a traditional financial institution . In many cases they are microcredits, of small amounts, which can range from 300 to 100,000 euros.
In his blog Economía anticrisis , economist Antonio Saez explains what P2P credits are, which were born to connect people who wanted to lend money to others who needed it.
Classify the types of P2P loans, which vary, he says, according to the investor's expectations:
1) Platforms of investors who contribute their funds without expecting anything in return . They support projects as if they were donations.
2) Platforms of investors who expect interest rates similar to banks , for which it is a profitable business.
3) Investment platforms in which, in exchange for money, they expect shares of the financed companies or any other type of reward that they agree to.
For Sáez, "Donations, patronage, profitable investments, everything fits into a system in which entrepreneurs and investors connect to carry out their projects and illusions without losing sight of the fact that in the back of a very restricted financial system Crowfounding and P2P loans, our maxim is also imposed: what are not accounts are stories ".
The Universocroudfunding page has a guide of the main crowdlending portals in Spain:
Comunitae. It is the reference portal for loans between individuals in Spain and to date, more than 4 million have been moved through Comunitae and more than € 350,000 in interest has been generated.
LoanBook. It focuses on investment in Spanish SMEs. They are defined as a marketplace of credits for companies. They also offer advisory services.
Arboribus. Through this website p2p lending individuals can invest in companies of proven solvency and reputation and obtain a higher margins than any bank deposit.
Receptum. In this platform, the borrower at the time of requesting an amount must provide a mortgage guarantee.
Lendico German startup that works in Spain and offers p2p loans for consumption (between € 600 and € 25,000) and where you can invest from € 25.
Zank They offer a place for those investors who seek good returns for their capital and the collection of funds for consumption for those individuals who are looking for money at lower rates than those currently offered by banks.
IsePankur , originating in Estonia, is defined as a social loan company that operates in different European countries.
TopBanco is defined as the first social network that connects people in search of private loans. It is not a microcredit platform to use, but a social network.