It looks like person-to-person (P2P) lending is no longer just for the developing world. Kiva, the originator of the P2P model, now has at least one imitator in an OECD country. Smava, a German-based company, now offers P2P lending in Germany and starting this year in Poland as well. Perhaps finally the financial crisis will stimulate a bit more of the 'creative' side of creative destruction.
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