 TITLE: What is Peer-to-Peer Lending? CONTENT: How Peer-to-Peer Lending Works\n------------------------------\nPeer-to-peer (P2P) loans are made available through online platforms that pair potential borrowers with investors willing to issue loans. You might say that P2P platforms bring borrowers and lenders together the way Uber and Lyft match riders to drivers, or the way eBay connects buyers and sellers. A key difference is that P2P borrowers and investors never deal with each other directly; the P2P platforms handle all elements of the transactions, including determining loan eligibility, setting interest rates and fees, as well as collecting payment.\nLeading P2P lending sites for personal loans include Prosper, Lending Club and Peerform. All of them provide opportunities for individuals to apply to borrow funds or to become investors who issue loans. Funding Circle takes the same approach but offers small business loans instead of personal loans. END