Following the global economic crisis between 2007 and 2008, caused by the collapse of mortgage loans, banks were in need of freezing all types of loans, credit limits and relationships with several of their best clients.

However, it is well known: when the greatest problems arise, the greatest opportunities arise. So, if the banks were frozen and people needed the money, what could be done?

Find someone else who could lend. But who could do it?

Find someone else who could lend. But who could do it?

The answer had been found a couple of years ago, but it was never thought that it would have such real results. Since 2005, we worked on the possibility of making loans online, in which people could lend to other people. Thus, that industry that seemed utopian, had its golden moment and began to explode exponentially.

This type of business has been replicated little by little

This type of business has been replicated little by little

The model began in England and soon passed to the United States, however, this type of business has been replicated little by little, since it is evident that due to lack of conditions, difficult access to credits and high interest rates that they They are handled in traditional banking models, they are necessary in each country.

It would be of little use to say yes

It would be of little use to say yes

If we do not present concrete data. Well, here they go:

For just a few examples, in the United States, the P2P loan industry handles more than $ 1 billion per month *. While in the United Kingdom the model has had an exponential growth of more than 250%, and it is proposed that at the end of this 2014 transactions will be generated for 1 Billion pounds .

The pioneer company in Latin America, the Good Finance, has generated movements for more than 22 million Chilean pesos.

While it is true that these numbers still do not impact alarmingly for traditional banking, the support generated, as well as the amounts of money that are moving, are proof that there are already new forms of support for SMEs.

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