Editor’s note: This article was first published in April 2010, shortly after Comunitae launched in Spain. Readers should check whether the platform still operates, and how its model may have changed, since the article reads as a current endorsement.

Here is another example of how people’s wits sharpen in times of crisis, offering services that are in high demand. What better business idea than giving some people the chance to earn interest on their money, while others can get funds for their professional projects or for unexpected expenses?

Enter Comunitae.com, launched under the slogan préstamos entre personas (“loans between people”). If you need money, you can go there and see what interest rate each Comunitae member offers you. And if you have savings you want to put to work, you can lend that money through the company, which apparently gives you some security that the loan will be repaid.

That’s a good idea the creators of this website have had: putting people who need money in touch with people who want to lend it. Congratulations on the idea.

Further reading

Featured image: Santeri Viinamäki, CC BY-SA 4.0, via Wikimedia Commons.

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