Banking is having a difficult time in the UK at the moment.
Consumer lending faces another challenge: the growth of peer-to-peer lending. Currently estimated to be worth £250 Million, poor savings rates and uncertainty over investment returns has prompted some of those with money to spare to experiment with the concept. Sites such as Zopa facilitate loans by connecting the people who need to borrow with the people willing to lend. The amounts tend to be small (a few thousand pounds), the returns modest, yet the sector is growing as mainstream lending becomes more expensive and difficult to access.