Any P2P investors here?

[KennethChan2017]

When I was in the US i tried lending club and my portfolio was relatively stable. P2P is relatively new in Singapore. Has anyone tried some of the popular platforms and what are your reviews?

[karlmarx]

You can do a search on local finance blogs through thefinance.sg

You can find several well-documented posts on their experience with P2P lending. I will say that while there was much fanfare when it was introduced last year, the popularity of such products has been lower now as the returns are often decimated by defaults.

[opmi]

I used Kiva.org for zero-interest microloans.

Lend to less developed country borrowers - >2% default.

Lend to USA borrowers - 50% default.

Lesson learnt: Never lend to dead- beat in developed countries.

[CY09]

i used Moolahsense and capital match.

However, recently i have stopped lendng money to these P2P new loans because the newer loans seem to have a higher chance of defaults/partial payments which drag for months

[KennethChan2017]

I used Kiva.org for zero-interest microloans.

Lend to less developed country borrowers - >2% default.

Lend to USA borrowers - 50% default.

Lesson learnt: Never lend to dead- beat in developed countries.

i'm not too keen to want to invest in overseas markets right now. US default rates are probably in the high single digits. The platforms with 50% default must be 'experimenting' with credit assessments hahahaha 

i used Moolahsense and capital match.

However, recently i have stopped lendng money to these P2P new loans because the newer loans seem to have a higher chance of defaults/partial payments which drag for months

How is the existing portfolio so far? What is the industry default rate for p2p lending in Singapore? 

Found Coassets and Funding Society to be in the news quite abit, any reviews there?

[CY09]

Hi Kenneth, Moolahsense has stopped publishing late payments/defaults.

However based on my portfolio only, out of the 9 companies i had lent to, one completely defaulted, 1 is on late payment and is barely able to repay the interest accrued while the other 7 has been prompt.

[brattzz]

thanks CY09 for your experience sharing!

kinda strange that MS has stopped publishing late payments/defaults, are they worried about the quality of their risk assessment matrix of the lenders? says a lot about the co. too.

[konradcruze]

I have invested so far with Funding Societies and Moolah Sense. I find FS to be more stringent with the choice of loans on their platform compared to MS. Also, the rate of interest they offer is higher than MS. They had a few issues with the platform in between due to a new system but they seem to be ok now. Between the 2 i find FS to be more professional and my portfolio is also doing better with them.

I also want to know if there are any global P2P platforms coming in? When i was in US a few years back, P2P was at its peak and they were doing some exciting stuff. I hope they can bring some of that to Singapore also especially if i can invest into fund of loans rather than individual loans it would be awesome lightly_smiling_face:

[Gaudente]

I have invested in Funding Societies. So far so good (but it's too early to judge)

[apenquotes]

When I was in the US i tried lending club and my portfolio was relatively stable. P2P is relatively new in Singapore. Has anyone tried some of the popular platforms and what are your reviews?

I think the below site is a good site to find out more info on P2P in Singapore.
http://letscrowdsmarter.com/