Personal lender

Dudley, Dominic
August 2005
New Media Age;8/18/2005, p14
Trade Publication
This article examines a strategy by Richard Duvall, CEO of Zopa, an online exchange that allows borrowers and lenders to deal with each other directly, on how Zopa can help out freeformers. Zopa gives borrowers another source of credit, and lenders a chance top, hopefully, generate a healthy profit. But for Duvall, the social and philosophical underpinning to the project is as important as the financial one. What really excites him is the notion of freeformers. Duvall said they think there is a category of everyday entrepreneurialism, people earning income doing this and that. It includes people we would all call entrepreneurs, but it also includes freelancers, consultants and people doing multiple things. Duvall is keen on the idea of setting up such mini-Zopas in Great Britain for employees, as well as for smaller communities, perhaps neighborhoods or social groups.


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