Peer to Peer MicroFinance

Online disintermediation microfinance ventures have reached the United States. Some aim to remove banks from traditional financial transactions, while others aim to allow investment in developing countries by lending directly to local entrepreneurs.

P2P loans have no pre-payment penalties and are available regardless of your credit rating.

Peer lending participants can choose to bid on any loan, regardless of credit history or details - so, while you may be funded directly by participants in the marketplace, it's always a good idea to tap your social network of friends and family.