Not allot of people seem to know about Lendico, but they seem to making amazing strides in South Africa, offering people online loans of up to R200 000.
With Lendico you register and then apply online and investors then look at your request and determine if they want to borrow you the money. Lendico is thus a peer 2 peer Lendico website and this almost seems to be the first of its kind in South Africa.
The company started in Germany and then expanded to Spain and now in South Africa. What’s interesting about this website is that it bring borrowers and investors together, thus putting the two parties in touch with each other directly.
You can list your loan amount and choose what’s it for and the investors will decide if they will lend you the money. It’s very easy to register and list your loan request, so be sure to give it a try.