Exactly how much has Lending Circles grown? What’s the next thing?

Exactly how much has Lending Circles grown? What’s the next thing?

So we began the scheduled system in 2008 with four individuals in a single financing group. Initial three had been members of the family and also the fourth ended up being a reporter who was simply actually interested in the method and wished to report it. That very first team had been lending one another $200 bucks per month for a complete of $800. Around this month that is past we simply surpassed $6.2 million in loan amount. Year we made over 6,300 loans in the 2015 calendar. We closed 2,300 loans within one 12 months. And we’ve been growing notably to year to year, because of our partnerships, but also because of the map of organizations we work with, we’re increasing our capacity to provide more and more loans year. Continue reading Exactly how much has Lending Circles grown? What’s the next thing?