CommunityLend

At CommunityLend, we believe the rules that apply to the lending industry in Canada are broken.

• They are broken for younger borrowers and new Canadians, who find an impersonal system that is expensive for them.
• They are broken for investors, who are excluded from any structured access to the asset class called personal lending.
• They are broken for most Banks and credit card companies who are saddled with expensive, outdated and inefficient systems.
• They are broken for communities of self interest who have no way to represent their value to lenders today.

We will democratise and re-invent the lending process by bringing the weight of social capital to bear in what has been dominated by economic capital decision making criteria to date.

We are creating a new investment class called consumer debt. Today consumer debt is held solely by banks and pension funds. It is not avaialble to the general investor as is corporate debt, or municipal debt.

It also has business value for CommunityLend as we carve off our share of a $120 billion unsecured debt market, and $900 billion mortgage market in Canada.

Finally we achieve the goal of bringing social lending into the regulatary space, based on our anticipated approvals from the Securities commissions in Canada.