Interesting, your question got me thinking! The P2P portals here in Singapore, on a quick check, definitely focus on Individual-to-SME lending. None I've seen so far have done Individual-to-Individual lending, unlike in the US with a few such as Prosper and LendingClub. I guess that sort of answers your question. To add on, I would say that perhaps the margins in the personal loans business segment are just not high enough, especially in a small market like Singapore; adding to the costs is the issue of having to coordinate and chase numerous individual borrowers at lower lending sums versus companies with higher per-loan volume. Secondly, the legal requirement for lenders to obtain a moneylender's license may be unhelpful to the development of such a crowdlending structure (multiple lenders - does that mean that all the individual lenders, lending money to other individuals, need moneylending licenses?).