credits from private to private
Since 300 BC in China, there are private credit associations called “lun hui” in which money from private to private awarded. In Mexico, is the principle for centuries under the term “tanda”, in India under the name “Kamet” and in Japan as “Miyin”. Despite different names is always the same principle. Loans from human to human have a very long tradition. smava.de is the modern continuation of all these ideas, because smava allows direct contact between investors and borrowers.
I found this page just only in german, so you can access it in german original language
or a google translation: http://translate.google.com/translate?u=http%3A%2F%2Fwww.smava.com&hl=en&ie=UTF8&sl=de&tl=en
