Carilend Ltd. has officially launched its Peer-to-Peer lending platform in Barbados. Carilend aims to “…match borrowers who need a loan with investors who want to be lenders. By cutting out the middleman, we cut out the costs and pass on these savings in the form of better rates to both borrowers and lenders.”
Borrowers can get BDS$2,500 to BDS$50,000 in BDS$25 increments subject to credit referencing and scoring. Creating an account is easy enough and takes under 5 minutes.
Currently Carilend does not accept loan requests as they are completing setup for their initial Lenders.