Social Network Bank and Loans

As for my personal and my professional life, and as many of you, I work with several banks and financial institutions and for all the limitations I head into, this is my idea.

- Today social networks have thousands of people from different countries and cultures
- Online social networks are by far the biggest social networking system ever

As a borrower 

• You can present your project or objectives to the money you are asking, through a letter, photos, videos or be available for a conversations on IM with or without camera for a more personal contact
• Can negotiate various conditions (from interest, to length, having a shared risk with the lender if your project works out nicely or not) as there are several different persons on the world
• Can negotiate various conditions as there are several different persons on the world
• Measure your own risk and take your own decisions

As a lender

• You can choose the kind of projects that you want to support. Instead of giving away your money to a bank who invests it on who-knows-what, you could choose the kind of areas you are interested in investing or support (housing, car industry, cafe, restaurants, renewable energies, education, someone having a master degree, etc)
• Can share the risk of lending money with several people
• Measure your own risk and take your own decisions

As another player

• More traditional banks can also work in this network improving their visibility and reach for new clients (this should, of course, be accompanied with new regulations rules for each bank)
• This could also be a great business opportunity for local collections agencies to be contracted for a budget

If you agree and have something to add to it or if you don't, please send me your  comments and own ideas!

Disponível versão Portuguesa!