Who uses Zopa?

Straight from the horse's mouth – the best way to find out about anything. Here's what some lenders and borrowers had to say about Zopa.



Simon, lender

Simon
Simon lives near Henley-on-Thames in Berkshire and is the director of a London-based management consultancy. He got married last autumn.

Zopa was something different - and its ethics appeared to fit with mine. My income varies as a lot of it is based on the performance of the company. I put some of last quarter's bonus into the market to see what happens. If I like the experience, then I might put all of next quarter's into it."

David, lender

David
David is a 64 year-old retired civil servant from the West Midlands. He has two grown-up children, and loves keeping active and fit - gardening, golf and walking are his main hobbies. He values security and stability, and takes a keen interest in his finances. He received a lump sum from an early retirement package and has income sources from a number of pension plans.

Lending at Zopa felt different. It's really easy to use - and I found myself a little more involved - looking regularly to see who I had lent to. I've also been really pleased to see how stringently Zopa vets borrowers. They don't allow my money to be lent to just anyone, and this gives me great confidence."

 



Rebecca, borrower

Rebecca
Rebecca is 36 and lives in Ladbroke Grove with her partner, Simon. She's in the process of fulfilling a lifelong aspiration and setting up her own catering business, 'Duckie's', having trained as a chef at Leith's 6 years ago.

I think Zopa's brilliant. The borrowing process was so easy. I loathe banks. It makes me very angry how much gets creamed off any product and it rocks me to my soul how much I spend on interest... it feels so greedy"

Michael, borrower

Michael
Michael set up the global brand and marketing agency Wolff Olins in 1965. Now he's a freelance consultant advising leading companies on their brand strategies. Michael is 72, married, with 7 kids and 2 cats.

I've borrowed £5,000 to help me pay for some work to deal with subsidence in my garden. I got what seems to me to be a very good rate, and I can pay if off whenever I want. And I love it that the money comes from real people; it feels like they are investing in my garden.

Zopa has a very different feel from a bank. There's an idea behind it - a modern idea - which there isn't with a bank. Zopa is even-handed. You don't feel that with a bank - the bank's set up to always win."

 

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