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Budibank is a website dedicated to finding the top social banking sites, coop banking services and Internet banking sites online.
This is probably what has opened up a new market for anyone who wants to approach banking and lending to people and businesses in a more honest fashion. Zopa is an example of a UK peer to peer lending and borrowing website that gives power back to the people to lend at reasonable rates and connectes these social online lenders to borrowers who want not to be spanked for everything they are worth and in debted forever. You simply say yes or no and you can negotiate better deals with other lenders if you are not happy.
Community banking or cooperative (social) banking designed to aid people who are not so well off in the community whereas tradition big commercial bank methods are precisely designed and taylored to take advantage of those with little going for them, who are impulsive because they are unhappy - who are depended on credit. All in total opposition to the idea of 'community'. Big banks marginalise the poor and oppress hard working people. Instead of offering loans at reasonable rates they offer such 'great' deals that people who are desperate are unable to fully understand in terms of longer term consequences and will take - unaware of the fact that they will become trapped. The banks excuse for this behaviour like most search engines that allow anything and everything in the pursuit of profit say: "they don't have to take the offer" or look at the content.
The massive banks we know have no real interest in serving the poor or helping relive suffering - they pay lip service to these things because thier public relations people and marketing departement tell them it would look good - and ultimately increase profits in the pockets of those with much and reduce it further in those who have little athough this is probably not verbalised.
The banks decide on who they will lend do on the level of default so the poor have little chance of getting out of the hole they are in. Only around four per cent of people thought that banks give their cutomers control over thier money compared to some online social lending sites and lend services having a much greater percentage of people that felt they could manage their money - eighty per cent in fact.
Here are some statistics about a particular banking society. Recently over 24000 small loans were given to poor ladies for self employment and self improvement activities and repayment ranged from ninety three to up to one hundred percent in some cases Some sixty plus percent of social internet borrowers said one of the major social lending sites, Zopa offered a much better and "significant control" in contrast to a tiny percentage (2-3%) that could say the same thing for the main highstreet stream banks. Interest rates alos factor in heavily with the new online social borrowing concept with web based social lending services offering outstanding and much lower - more affordable interest rates for people with the potential to have problems paying back money at exorbitant - often extortionate high street banking interest rates.
But despite this, as well as the advantages of borring money online using peer-to-peer social lending services, it is worth noting that social lending sites and social lending networks and borrow networking online has its drawbacks as well as advantages. problems. A of 2011, the idea of social lending has really begun to take off and dispite a few small setbacks - social lending websites are becoming the norm and part of the widely used and excepted Internet advantages. Like so many other web based versions of traditional concepts, time will tell if the old greedy banks will adapt to the new technology and embrace social lending and banking.
Social lending is a concept that arose from the ancient practice of money lending and borrowing from person to person or as it is called now 'peer 2 peer'. The new breed of social money lending sites do a great job of cutting out the middle man and passing the savings on to the borrowers and lenders. They hit the big banks right where it hurts them and gives a considerable amount of power back to the public and users of these social lending services. Budiz.com - home of social banking services and coop banking and social lending websites.
Try 101Networks.org for 101 social networks that support people in need, good causes and other people groups. 101Christiansocialnetworks.org for a social network with a conscience or 101christiannetwork.com for many services for those looking for fellowship!
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