Agreed on the need for diversification. But some platforms need a minimum of about $20k per loan. How to do diversification in this case if we don't have a large capital to invest in? - Seedly
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Anonymous

Asked on 27 Jun 2019

Agreed on the need for diversification. But some platforms need a minimum of about $20k per loan. How to do diversification in this case if we don't have a large capital to invest in?

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Alex Chua
Alex Chua, Pcme at Anderson Junior College
Level 6. Master
Updated on 20 Jul 2019

I can only simply say, use other platform.

I would recommend you to look into other p2p platform. There are platforms which has a low investment amount. Funding societies and moolah sense need you to deposit a minimum deposit of $500. Each loan is $20 which can spread your risk to 25 loans. This is sufficient to cover 2 defaults worth of $20

Minterest needs a minimum deposit of $1000. Each loans are at least $50-100 if I call correctly.

Need referral for funding societies or advice. Feel free to fb msg or comment

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