Peer to Peer Lending For Micro Student Loans

Green Note is a company specializing in peer to peer lending for student aid. (Peer to peer lending is also known as social lending). Green Note, like the Fynanz service reviewed earlier this year, is designed to help students bridge the gap between financial need and the financial aid packages they receive from their college or university. Green Note facilitates loans between members of social networks. Loans can come from friends and relatives or from private investors looking to make low-risk loans. In their words, "get student loans from people who believe in you." Loan amounts are flexible and can be larger than $10,000 or as small as $100. For students the benefits are a low fixed interest rate and no co-signer requirement. For lenders the benefit is a low-risk investment opportunity.