P2P Loans: At The Beginning Of Only In The Millions. Now Calls The Billion Dollar Market.

17.07.14 / News / Author: Martin
Tags: finances, stock exchange & stock markets

27 million euro loan volume provides more than 6,500 loans. More than 6 million in the last four months alone. Dusseldorf, may 4, 2012. People borrow money, with good sense and good yield totally strange people. For five years this auxmoney.com is possible – via the Internet platform in Germany. Initially skeptical eyes, is the business model of auxmoney become mature and proven.

A great start to the year we can expect a tripling of in volume compared to the previous year. Now it is becoming better known, continue to conquer the billion dollar market of consumer credits. For millennia, people need credit and borrow money. Previously this was done face to face. In the Internet age you can borrow also strangers. You will be rewarded with a good yield and a good feeling to help others.

About creditworthiness, payment history, monthly income and expenses, as well as about future plans and needs of borrowers are informed on auxmoney. The Internet platform auxmoney.com enables each investor a solid individual assessment of the creditworthiness of a borrower. This way the assessment is the basis for the credit intermediation of private to private as it is performed successfully for five years on auxmoney. Initially, the model was ridiculed. Meanwhile, over 27 million euro loan volumes were communicated in more than 6,500 loans. It is striking that more than 6 million, about 23 percent, were conveyed in the last four months alone. Our business model has matured and we work profitably “, Philipp Kriependorf, Managing Director of auxmoney.com reports. A strong start to the year is also a very powerful signal for the further development of auxmoney and P2P lending in Germany. Even if the volume of the last four months only should stay the same the rest of the year we will have end of 2012 will see a rate of increase of almost 200% and gives thus three times as much lending as 2011.