zopa

The Olderpreneur Loan scheme is open to those with a viable business plan

Loan Scheme links Olderpreneurs with Online Investors

An online lending scheme has been launched which matches budding entrepreneurs aged 50 and over with private micro-investors. Launched by age concern charity PRIME and lending exchange Zopa, the Olderpreneur Loan scheme is open to those with a viable business plan who are looking for finance to get their venture off the ground. Loans of up to £15,000 are available over a repayment period of between one and three years. Unusually, the scheme works by drawing the support of members of the public who are looking to invest in new business ideas. PRIME is operating the scheme with Zopa, an online facility where people meet to lend money to new ventures, meaning that entrepreneurs borrow from other individuals, rather than from a bank. The scheme is also supported by the charitable arm of ... »