This site will enable people who cannot qualify for conventional financing to borrow money and/or purchase goods and services financed by sellers over time. The services might be those of a contractor, electrician, plumber, etc. The goods might be a house, a car, a bike, a boat, a living room set, etc. Once a seller has entered into a purchase contract with a buyer, s/he may turn around and post the resulting note for sale on the same site. It is a great way for people to buy and sell, and to enable people to re-build credit as the site manages the payment process and tracks payment performance over time generating a credit score. We will also enable micro-funding and Crowdfunding for communities, non-profits, entrepreneurs and small businesses. The Amazon of the social finance space. Our launch date is June of 2012. More to come later. Stay tuned.
December 13, 2011
A New Social Finance Site is Coming Soon!
By Steve King
About Steve King
iPeopleFINANCE™ Chief Operating Officer. Former CEO of Endymion Systems, Inc. a $36m Information Systems Services company. Co-founder of the Cambridge Systems Group, the creator of ACF2, the leading IBM Mainframe Data Center Security product; acquired by Computer Associates. IBM, seeCommerce, marchFIRST, Connectandsell alumni. UC Berkeley alumni. View all posts by Steve King
This entry was posted on Tuesday, December 13th, 2011 at 2:22 pm and tagged with Business, credit, Credit card, Credit score, finance, Financial services, Lending Club, Loan, Mortgage loan, occupy wall street, Prosper, social finance, social lending and posted in Banking, Capital Markets, Credit, crowdfunding, Economy, Finance, Lending, Marketing, New Social Age, Occupy Wall Street, Politics, Social Finance, Social Lending, Social Media. You can follow any responses to this entry through the RSS 2.0 feed.