Social Lending and Social Banks

Near and dear to my heart…

The banks should be trembling. Nice preso, Sparkbuoy in New Zealand!

My previous posts: Citizen Bankers and Peace Prizes (2006), Social Lending Peer to Peer Banking in Australia (2007) Australia, Social lending in social networks (2007), Social network economy or the new digital economy (2008)

Business week says that social lending will be worth 10.6 billion dollars in the next oh, 18months. KaChing! Loan defaults are LOWER than in traditional banks.

Laurel Papworth

Named by Forbes™ Magazine in the Top 50 Social Media Influencers globally, named Head of Industry, Social Media (Marketing Magazine™) and in the Power150 Media bloggers (AdAge™). CERT IV Training and Assessment certified trainer (Diplomas and Certificates etc) Adult Education. Laurel has manager Facebook Pages for Junior Masterchef, Idol, Big Brother etc. and have consulted on private online communities for banks Westpac, not for profits UNHCR & governments in SE Asia. Lecturer, social media, University of Sydney for 10 years and Laurel has 11,000 online students. Laurel Papworth personally connects to 6 million followers online and has taught around 100,000 people in the last 10 years how to be social media managers.

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