One Minute Economics: Peer-to-Peer Lending in Europe via Monestro Explained in One Minute
For many years since the launch of Prosper over in the US, it has bothered me that as Europeans (I'm from Europe btw), we were way behind in terms of p2p lending options.
As today's video illustrates, Monestro is here to change that by enabling European Economic Area (as well as Switzerland) citizens to earn more by lending to "vetted" loan originators that meet its criteria.
The name of the game here is not trying to earn as much as possible no matter what but rather finding the right balance between how much you earn and the risk you take on.
In a nutshell, the name of the game is selecting who you lend to from a pool of accepted loan originators and then receiving principal as well as interest payments each month.
One can get started with as little as 10 EUR and thus, it is possible to experiment with this platform without breaking the bank so as to figure out if you like what you see on the one hand and on the other hand, how much canpital it makes sense to deploy in this direction.
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