You will notice that virtually nowhere on Lending Club's site are
the terms social lending or peer to peer lending.
Not exact matches
Developmental
lending as practiced by IBC involves providing financial services (primarily loans) to aboriginal people who, for a variety of cultural and / or financial reasons, are alienated by mainstream
lending institutions; approving loan applications on the basis of typical financial considerations while taking into account the potential for positive
social or community outcomes; and evaluating
social outcomes resulting from the loan portfolio over the long
term.
Beyond being able to appreciate the
social value of responsible
lending and investment, values - based banks take a forward - thinking and long -
term view of their operations.
This interesting paradigm has been discussed a lot in financial communities and the media lately, where it's also been
termed as «
social lending» or P2P
lending.
See related: Small business credit card comparison chart, NSBA: Small businesses hurt by credit card
terms, How to keep a small business credit limit from being cut, Pros and cons of using
social lending for consolidation