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Unsecured P2P Lending and their Provision Funds It has been traditional for UK peer to peer lending platforms to launch provision funds. These funds are a co-mingled pool of cash which the platform pays into each time a borrower takes out a loan and they are made available to
Proplend is pleased to announce that it’s latest commercial Loan Request was fully subscribed and completed in just 24 hours of it being posted on its P2P Lending Platform.
Proplend’s first loan is successfully redeemed in full via the refinance as anticipated by the borrower at their initial loan application. All Lenders are very pleased not only in receiving their principal loan back but also in the 10% pa gross interest they earned. One of the lenders commented “Much